Hey there! Have you ever wondered how the government decides how to collect and spend money? Let’s dive into the world of tax cuts and spending bills to learn more! 💡
What Are Taxes? 💰
Taxes are money that people and businesses pay to the government. This money helps pay for things we all use, like schools, roads, parks, and libraries.
What Is a Tax Cut? ✂️
A tax cut means that people and businesses pay less money in taxes. This can leave them with more money to buy things they need or want, like toys, books, or even save for the future!
What Is a Spending Bill? 📝
A spending bill is a plan that shows how the government will use its money. It’s like a giant budget that decides how much money goes to different things, like education, healthcare, and helping the environment.
Why Do Tax Cuts and Spending Bills Matter? 🤔
These decisions affect everyone’s lives. For example, if there’s a tax cut, families might have more money to spend. But if the government has less money because of tax cuts, they might spend less on things like schools or parks.
How Can You Share Your Thoughts? 🗣️
Even if you’re young, your opinions matter! You can talk to your parents, teachers, or friends about these topics. You can even write letters to your local leaders sharing your ideas.
Stay Curious! 🌟
Learning about how the government works helps you understand the world around you. Keep asking questions and exploring new topics!
Reference(s):
Questionnaire on U.S.'s 'comprehensive tax cut and spending bill'
cgtn.com
