Do Tax Increases Help The Economy? Do tax increases help the economy? While there is no discernable positive correlation between upper-income tax cuts and U.S. economic growth, there is a clear correlation between these tax cuts and income inequality. How do increased taxes affect the economy? In states where high income individuals are taxed more
Do Tax Cuts Trickle Down? Do tax cuts trickle down? The idea behind trickle-down economics is simple: cut taxes for the richest and the benefits will trickle down. These policies should enable wealthy owners to create more jobs for middle and lower class citizens, meaning the benefits are felt by everyone. Is trickle-down economics still
How Much Gas Tax Hike 2019? In 2018, Californians voted down Proposition 6, an effort to repeal the tax with a 55.1% majority voting to keep it in place. The gas tax went up another 5.6 cents in 2019 and 3.2 in 2020. Now, it’s going up another 0.6 cents to keep up with inflation,