🌐 Entity

Fiscal policy

Use of government revenue collection and expenditure to influence a country's economy

📊 Rating

4 news mentions · 👍 0 likes · 👎 0 dislikes

📌 Topics

Economy (2)
Taxation (2)
Government Finance (1)
Public Policy (1)
Wealth Inequality (1)
Economic Policy (1)
Social Justice (1)
Political Tensions (1)
Fiscal Policy (1)
Political Discourse (1)
Government Oversight (1)

🏷️ Keywords

Fiscal policy (3) · Income inequality (2) · National debt (1) · Budget deficit (1) · CBO (1) · Donald Trump (1) · Tax revenue (1) · Federal spending (1) · IRS (1) · Tax refunds (1) · K-shaped economy (1) · Big Beautiful Bill Act (1) · Tax returns (1) · Wealth tax (1) · Billionaires (1) · Los Angeles Times (1) · Social services (1) · Financial reform (1) · Treasury Secretary (1) · Scott Bessent (1)

📖 Key Information

In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity.

📰 Related News (4)

🇺🇸 Federal Debt to Hit Record Levels, Budget Office Warns (2026-02-11)
President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire....
🇺🇸 The "K-shaped" economy will affect your 2026 tax refund (2026-02-10)
Tax refunds will be bigger this year because of the big, beautiful bill" act, with higher-income households set to reap the biggest checks....
🇺🇸 Our systems already benefit the rich. They can afford a few more taxes (2026-02-10)
'A one-time 5% tax on $1 billion would leave the taxpayer a mere $950 million. Hardly abject poverty,' writes an L.A. Times reader....
🇺🇸 On Capitol Hill, Treasury Secretary Bessent’s testimony descends into insults and shouting matches (2026-02-05)
A hearing with Treasury Secretary Scott Bessent turned chaotic Wednesday as Democratic lawmakers clashed with him over fiscal policy and Trump family ...

🔗 Entity Intersection Graph

People and organizations frequently mentioned alongside Fiscal policy:

🌐 Income distribution (2 shared articles)
👤 Capitol Hill (1 shared articles)
🌐 United States Secretary of the Treasury (1 shared articles)
👤 Scott Bessent (1 shared articles)
🌐 Wealth tax (1 shared articles)
👤 Los Angeles Times (1 shared articles)
🌐 Billionaire (1 shared articles)
👤 One Big Beautiful Bill Act (1 shared articles)
👤 Internal Revenue Service (1 shared articles)
🌐 CBO (1 shared articles)

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