Greater governmental intervention in the national economy (Edexcel A-Level Politics): Flashcards
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Practise the cards
15 cards from this deck
Democratic Party's stance on govt role in economy
Democratic Party's stance on govt role in economy
Advocates for greater government intervention
Modern liberalism's view on state's economic role
Modern liberalism's view on state's economic role
Govt ensures fairness, stability & equality of opportunity
Dodd-Frank Act purpose
Dodd-Frank Act purpose
Financial oversight post-2008 crisis & consumer protection
Year Dodd-Frank Act passed
Year Dodd-Frank Act passed
2010
Buffett Rule definition
Buffett Rule definition
Millionaires shouldn't pay smaller % than middle-class in tax
Keynesian economics core principle
Keynesian economics core principle
Govt intervention to manage economic cycles via fiscal policy
American Recovery & Reinvestment Act 2009 spending
American Recovery & Reinvestment Act 2009 spending
$787 billion
Progressive taxation meaning
Progressive taxation meaning
Higher-income individuals pay larger % of income in taxes
Biden's corporate tax rate proposal
Biden's corporate tax rate proposal
Increase from 21% to 28%
Infrastructure Investment & Jobs Act 2021 value
Infrastructure Investment & Jobs Act 2021 value
$1.2 trillion
Democratic federal minimum wage goal
Democratic federal minimum wage goal
$15 an hour
Affordable Care Act (Obamacare) year passed
Affordable Care Act (Obamacare) year passed
2010
Medicare for All main Democratic advocates
Medicare for All main Democratic advocates
Bernie Sanders and Elizabeth Warren
American Rescue Plan 2021 total relief amount
American Rescue Plan 2021 total relief amount
$1.9 trillion
Positive freedom concept (Democratic view)
Positive freedom concept (Democratic view)
Govt as enabling force empowering citizens to achieve potential