Latasha: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Jake: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Latasha: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. The disagreement between these economists is most likely due to differences in...
a. scientific judgements
b. perception vs reality
c. values