Question

Do you think it is right for government to raise taxes to cut the deficit? Discuss why you choose the answer that you have chosen and also discuss other measures government can use to eliminate the deficit.

Answer 1

It is right

A deficit occurs when government spending exceeds its revenue. The goal when there is a deficit is to increase revenue. One wat of doing this is to increase taxes. Increasing taxes would increase the income that accrues to the government.

Another measure of eliminating deficit is to reduce the spending by the government. Reducing government spending would reduce the amount of deficit

Step-by-step explanation:

A tax is a compulsory sum levied by the government on certain goods and services