Want to know how fiscal policy impacts the economy? Discover the importance of government spending and taxation in this brief overview of fiscal policy.
. If the government considers inflation to be a concern, it may raise taxes or cut spending, both of which could help to lower demand and limit inflation.Fiscal policy is important because it can have a significant impact on the economy. By adjusting government spending and taxation, the government can influence economic growth, inflation and employment levels.The promotion of economic growth is one of fiscal policy’s main goals.
➡️ New: Legislature's personal income tax & corporate tax proposals would raise between $1.6 – $2.1 billion:• Assembly corporate tax increase: $1.2B for MTA & other transit
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