Suppose That Shen, An Economist From A Research Institute In Texas, And Valerie, An Economist From A Public Television Program, Are Arguing Over Budget Deficits. The Following Dialogue Shows An Excerpt From Their Debate: Valerie: Most People Recognize That The Budget Deficit Has Been Rising Considerably Over The Last Century. We Need To Find The Best Course
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Suppose that Shen, an economist from a research institute in Texas, and Valerie, an economist from a public television program, are arguing over budget deficits. The following dialogue shows an excerpt from their debate:
Valerie: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation.
Shen: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits.
Valerie: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively.