How you are affected by fiscal policy. For instance, you could write about how tax cuts affect you and then how they affect the economy as a whole.
Think back to 2008. The U.S. Congress passed the Economic Stimulus Act of 2008, which provided tax rebates for low- and middle-income taxpayers. Include both of the following points in your discussion:
- Did you receive a tax rebate? If so, did you save it or use it for a new purchase or to pay your bills; or, did you put it in the bank? (If you did not receive a tax rebate, you can either put yourself in the position of someone who did or discuss someone you know who did receive a tax rebate to write your contribution.)
- Thinking deeper about your answers, explain about how tax cuts or rebates affect millions of other people and their decisions, and then how that affects the whole economy.
