"Offshore bank accounts are accounts operational in a foreign country. Due to less regulation, offshore bank accounts are widely used to hide undeclared income. Proponents of a ban on offshore accounts argue that such accounts are mostly used for tax evasion, money laundering, illicit arms dealing...
"The Federal Reserve is the central banking system of the United States. The primary goal of the bank is to maintain the US government’s money supply and sustain the nation’s banks during recessions. Proponents of an audit believe it is necessary as the Federal Reserve bank...
"The trade war between China and the United States is escalating swiftly. President Donald Trump recently proposed 10 percent tariffs on about $200bn worth of Chinese products. Proponents of increased tariffs claim that Chinese trade policies are a threat to the United States economy and such...
"Bitcoin is a cryptocurrency which acts electronic cash. It is a decentralized digital currency. It is not governed by a central bank or an administrator and can be circulated using the peer-to-peer network. Those who support Bitcoin believe it is a genuinely free currency with no...
"The Marketplace Fairness Act has proposed legislation, pending in the United States Congress, that would enable state governments to obtain sales taxes and use taxes from retailers with no physical presence in their state. Those in favor including brick and mortar retailers claim that excusing online...
"President Trump claims he is working to increase retirement security for Americans. A government pension is a fund into which regular sums of money is added during the employment period. When an employee retires, he/she receives monthly payments from the fund to support themselves. Those in favor...
"There is a growing debate on the privatization of pension plans. Those in favor believe it can boost national saving and contribute toward future economic growth. Opponents argue that stock markets are incredibly volatile, and privatization can lead to losses of savings. What do you think?...
"The estate tax is the tax levied upon the property declared in the will of a dead person. As of now, a tax is only paid for the estates valued greater than $5.45 million at the rate of 40%. Opponents of this tax, including Trump,...
"In March 2016, Carrier air conditioning company decided to move around 1,400 jobs from Indiana to Mexico. In November 2016, Trump made a deal of $7 million tax break in exchange of 1000 jobs. Proponents believe that tax breaks help in sustaining jobs in the private...
"North American Free Trade Agreement (NAFTA) helps in lowering the trade restrictions between the United States, Canada, and Mexico. This helps in reducing the prices of some goods such as cars, gasoline, fruits, and vegetables. On the other hand, it also negatively affects the number...
"15 to 20 percent tax is deducted on the profits earned from stocks, bonds, and real estate. Those who support the raise argue that the taxes should be equivalent to any other income source, as the average tax rate in the US is 31.5%. Opponents...
"Increased tariffs on imported products might uplift the domestic businesses, but on the other hand, it might discourage the companies dependent on imported products. And what about a global free trade system? We can think of many ideal ways and situations, but what is going...
"President Trump declared a $12 billion program of farm subsidies to aid farmers hurt by his escalating trade war with China. Proponents argue that the subsidies are necessary since net farm income has declined. Opponents say that the farmers who are not even producing are getting...
"Economic stimulus is the monetary policy made by the government to support the economy in the times of recession. In 2009, the American Recovery and Reinvestment Act was passed by the Congress in response to the 2008 financial crisis. It included using the funds more...
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