Economics : Name Of Article

NAME OF ARTICLE: Tax Cuts, Sold as Fuel for Growth, Widen Gap between Rich andPoorSOURCE OF ARTICLE: The New York TimesDATE OF PUBLICATION: 3rd October 2017Overview of the article:The article brings the information on board that tax cuts increases inequality. Theylead to the widening of the gap between the poor and the rich thereby decreasing per capitaincome and regional balance. Lower taxes encourage the executive officials and top earnersto increase their income through manipulation of the systems and putting each decision withthe aim of increasing their earnings.How the article relates to the course:Economics mainly deals with an analysis and description of the production ofcommodities, their distribution, and consumption. The article illustrates how the tax rates inany country affect its rate of economic growth.Most important issues raised in the article:The article highlights the drawbacks of tax avoidance. It states that outright evasionshide funds from the Treasury, thus reducing the ability of the government to fund othercritical programs. The above further leads to a decline in the economy in such a way that theeconomy fails to gain from the taxes. Inste ...


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