The Politics of Taxing and Spending
How much should we spend for programs such as homeland security, health, etc.? And how should we pay for them? Who bears burdens for paying the government and who receives benefits?
14.1 Sources of Federal Revenue
14.2 Federal Expenditures
14.3 The Budgetary Process
14.4 Understanding Budgeting
Growth of government's budget
The bigger the budget, the bigger the government.
Powers of Congress
-tax, borrow, pay debts, provide for common defense
-House initiates process of appropriations
-impose excise taxes thru tariffs
-cannot tax gvt, but tax income
Allocates burdens (taxes) and benefits (expenditures).
Budget deficit/surplus can occur.
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