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04 Dec 2019, 00:03
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A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
57% (02:13) correct
43%
(02:36)
wrong
based on 327
sessions
History
Date
Time
Result
Not Attempted Yet
Political Commentator: During the previous presidential administration, members of congress approved large tax cuts and yet the economy today stands in shambles. During the current economic crisis, those who espouse large tax cuts as an economic stimulus should consider the failure of tax cuts during the past eight years to prevent the current economic recession as conclusive evidence that tax cuts will not help the country escape from its current economic troubles.
Which of the following, if true, most weakens the argument above?
(A) The large tax cuts of the past administration targeted the capital gains on the financial investments of the ultra-rich while proponents of tax cuts today suggest cutting payroll taxes for both employers and employees.
(B) Economists from across the spectrum now agree that tax cuts helped stem the country's most severe recession in history, which occurred about 70 years ago prior to industrialization in this country.
(C) Economists from across the spectrum predict that if Congress fails to pass the tax-cut legislation, which also includes government spending and much more, it could well be 15 years before the economy escapes the current recession.
(D) Economists from across the spectrum agree that these tax cuts will add less to the fiscal deficit than the tax cuts of the previous administration.
(E) During the most recent political campaign cycle, which featured many deceptive political attacks, the governor of a prosperous state attacked those who opposed tax cuts by citing his own state's ostensible prosperity.
Archit3110
04 Dec 2019, 00:31
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IMO A :
The large tax cuts of the past administration targeted the capital gains on the financial investments of the ultra-rich while proponents of tax cuts today suggest cutting payroll taxes for both employers and employees.
Political Commentator: During the previous presidential administration, members of congress approved large tax cuts and yet the economy today stands in shambles. During the current economic crisis, those who espouse large tax cuts as an economic stimulus should consider the failure of tax cuts during the past eight years to prevent the current economic recession as conclusive evidence that tax cuts will not help the country escape from its current economic troubles.
Which of the following, if true, most weakens the argument above?
(A) The large tax cuts of the past administration targeted the capital gains on the financial investments of the ultra-rich while proponents of tax cuts today suggest cutting payroll taxes for both employers and employees.
(B) Economists from across the spectrum now agree that tax cuts helped stem the country's most severe recession in history, which occurred about 70 years ago prior to industrialization in this country.
(C) Economists from across the spectrum predict that if Congress fails to pass the tax-cut legislation, which also includes government spending and much more, it could well be 15 years before the economy escapes the current recession.
(D) Economists from across the spectrum agree that these tax cuts will add less to the fiscal deficit than the tax cuts of the previous administration.
(E) During the most recent political campaign cycle, which featured many deceptive political attacks, the governor of a prosperous state attacked those who opposed tax cuts by citing his own state's ostensible prosperity
The large tax cuts of the past administration targeted the capital gains on the financial investments of the ultra-rich while proponents of tax cuts today suggest cutting payroll taxes for both employers and employees.
Political Commentator: During the previous presidential administration, members of congress approved large tax cuts and yet the economy today stands in shambles. During the current economic crisis, those who espouse large tax cuts as an economic stimulus should consider the failure of tax cuts during the past eight years to prevent the current economic recession as conclusive evidence that tax cuts will not help the country escape from its current economic troubles.
Which of the following, if true, most weakens the argument above?
(A) The large tax cuts of the past administration targeted the capital gains on the financial investments of the ultra-rich while proponents of tax cuts today suggest cutting payroll taxes for both employers and employees.
(B) Economists from across the spectrum now agree that tax cuts helped stem the country's most severe recession in history, which occurred about 70 years ago prior to industrialization in this country.
(C) Economists from across the spectrum predict that if Congress fails to pass the tax-cut legislation, which also includes government spending and much more, it could well be 15 years before the economy escapes the current recession.
(D) Economists from across the spectrum agree that these tax cuts will add less to the fiscal deficit than the tax cuts of the previous administration.
(E) During the most recent political campaign cycle, which featured many deceptive political attacks, the governor of a prosperous state attacked those who opposed tax cuts by citing his own state's ostensible prosperity
04 Dec 2019, 04:08
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I will go with option A.
Premise 1: During the previous presidential administration, members of congress approved large tax cuts and yet the economy today stands in shambles.
Conclusion: Those who espouse large tax cuts as an economic stimulus should consider the failure of tax cuts during the past eight years to prevent the current economic recession as conclusive evidence that tax cuts will not help the country escape from its current economic troubles.
Necessary Assumption for the argument: The large tax cuts applied in the previous administration are the same as the new tax cuts that are proposed by the new government or administration.
Negated Assumption: Some elements of the new tax cuts proposal are different from those implemented by the previous administration. So, when the proposed tax cuts are not the same as the one implemented by the previous administration, then the argument will be greatly weakened.
Option A states that the large tax cuts of the past administration targeted the capital gains on the financial investments of the ultra-rich while proponents of tax cuts today suggest cutting payroll taxes for both employers and employees. We have two different taxes in option A. The former administration implemented tax cuts that favored the ultra-rich in the country. While this might have some positive impacts, it might be negligible considering the percentage of the population that might fall within this category. The new tax cuts on the other hand targets employers and their employees. This new target group represents a huge proportion of the population as it might even include some of the ultra-rich, and hence the impact of such tax cuts might be significant as a large proportion of the population will have excess disposable incomes in the form of the extra income from savings on tax, hence expenditures will likely go up in the country, and this might help to end the recession.
Premise 1: During the previous presidential administration, members of congress approved large tax cuts and yet the economy today stands in shambles.
Conclusion: Those who espouse large tax cuts as an economic stimulus should consider the failure of tax cuts during the past eight years to prevent the current economic recession as conclusive evidence that tax cuts will not help the country escape from its current economic troubles.
Necessary Assumption for the argument: The large tax cuts applied in the previous administration are the same as the new tax cuts that are proposed by the new government or administration.
Negated Assumption: Some elements of the new tax cuts proposal are different from those implemented by the previous administration. So, when the proposed tax cuts are not the same as the one implemented by the previous administration, then the argument will be greatly weakened.
Option A states that the large tax cuts of the past administration targeted the capital gains on the financial investments of the ultra-rich while proponents of tax cuts today suggest cutting payroll taxes for both employers and employees. We have two different taxes in option A. The former administration implemented tax cuts that favored the ultra-rich in the country. While this might have some positive impacts, it might be negligible considering the percentage of the population that might fall within this category. The new tax cuts on the other hand targets employers and their employees. This new target group represents a huge proportion of the population as it might even include some of the ultra-rich, and hence the impact of such tax cuts might be significant as a large proportion of the population will have excess disposable incomes in the form of the extra income from savings on tax, hence expenditures will likely go up in the country, and this might help to end the recession.
