tax cut

• Reducción de la cantidad de impuestos que las personas físicas o las empresas deben pagar al gobierno, a menudo implementada para estimular el crecimiento económico o brindar alivio financiero.

A reduction in the amount of tax that individuals or businesses are required to pay to the government, often implemented to stimulate economic growth or provide financial relief.

1. Reduction in tax ratesB2formal

   A decrease in the amount of tax that individuals or businesses are required to pay to the government.

   recorte de impuestos

   • The government announced a new tax cut for small businesses.
   • Many economists argue that a tax cut can stimulate economic growth.
   • The tax cut will leave families with more disposable income.

2. Fiscal policy measureC1formal

   A deliberate reduction in tax rates or tax liabilities by a government, often used to influence the economy.

   recorte de impuestos

   • The president proposed a major tax cut as part of his economic plan.
   • Opposition parties criticized the tax cut for benefiting the wealthy.
   • The tax cut was designed to boost consumer spending and investment.