Would Alice Rivlin be more likely to favor tax breaks to encourage compagnies to hire unemployed workers ?

Question

Would Alice Rivlin be more likely to favor tax breaks to encourage compagnies to hire unemployed workers or creating a new government-funded training program to teach workers useful job skills?Explain your answer.

Answer 1

Alice Rivlin would be more likely to favor creating government-funded training programs, being that she opposed Reaganomics.

EXPLANATION:
Rivlin was appointed by President Johnson as Assistant Secretary for Planning and Evaluation, United States Department of Health, Education, and Welfare from 1966 - 1968. In 1971 she authored Systematic Thinking for Social Action.

She was the first Director of the newly established Congressional Budget Office during 1975-1983, where she was a persistent and vociferous critic of Reaganomics as head of the CBO.

Reaganomics (a portmanteau of "Reagan" and "economics," coined by radio broadcaster Paul Harvey) is a term that has been used to both describe and decry the free market advocacy economic policies of U.S. President Ronald Reagan, who served from 1981 to 1989. It is comparable to Thatcherism, the economic philosophy of British Prime Minister Margaret Thatcher (1979–1990), who was Reagan's contemporary.

Reagan assumed office during a period of high inflation and unemployment, which had largely abated by the time he left office. It continues to be a matter of contentious political debate to what extent this was caused by Reagan's fiscal policies (especially tax cuts) and to what extent it was due to other factors, such as the inflation-fighting monetary policies of the Federal Reserve under Paul Volcker and a large decline in oil prices caused by the resolution of supply shocks in the Middle East.

Reaganomics had its roots in two of Reagan's campaign promises: lower taxes and a smaller government. Reagan reduced income tax rates, with the largest rate reductions on the highest incomes; the top tax bracket rate dropped from 70% to 50% in his first tax legislation, and would fall to 28% by the end of his presidency. He proposed reduction in federal civilian programs, although political forces prevented him from obtaining the large reductions he sought. He scaled back federal regulation, starting with the elimination of federal oil price control, and left more discretion to the private sector. However, Reagan had also promised a military buildup to counter the Soviet Union, and this included a dramatic increase in government contracts. This buildup, combined with the continuing growth of civilian programs, raised deficit spending to its highest level (relative to GDP) since World War II. As a result, there has been endless debate on whether the economic trends of the Reagan years actually came from the free market, or the kind of government stimulus advocated by Keynesian theorists.