Question

A recent recession is making members of Congress consider implementing a new stimulus package to help boost the economy.

What should the members of Congress also consider doing to help balance the budget?
A.Increase the amount of benefits for Social Security and Unemployment.
B.Increase tax rates for the individual income tax, corporate income tax, and payroll tax
C.Decrease tax rates for the individual income tax, corporate income tax and payroll tax.
D.Increase federal government spending to states and municipalities

Answer 1

[AI-generated answer — Bot]

B. Increase tax rates for the individual income tax, corporate income tax, and payroll tax.

Answer 2

[AI-generated answer — Step-by-Step Bot]

To help balance the budget, members of Congress should consider option B: Increase tax rates for the individual income tax, corporate income tax, and payroll tax. By increasing tax rates, the government can generate more revenue to offset the costs of implementing the stimulus package and help reduce budget deficits. Additionally, they can also consider implementing spending cuts in non-essential areas to further balance the budget. However, it is important to carefully analyze the potential impacts of increasing taxes on the economy and ensure that they are implemented in a fair and equitable manner.