What was the tea party platform?
The Tea Party movement was an American fiscally conservative political movement within the Republican Party. Members of the movement called for lower taxes, and for a reduction of the national debt of the United States and federal budget deficit through decreased government spending.
Will Social Security benefits be cut?
A report from Social Security and Medicare trustees said benefits will have to be cut by 2034 — a year earlier than previously projected — if Congress doesn’t address the program’s long-term funding shortfall. There’s no mystery as to why the funds are disappearing sooner than expected.
When was the Tea Party created?
February 2009
Tea Party movement/Founded
What is the Tea Party quizlet?
The Tea Party movement is an American political movement that advocates strict adherence to the United States Constitution, reducing U.S. government spending and taxes, and reduction of the U.S. national debt and federal budget deficit.
What are the core values of the Tea Party?
Book/Printed Material The Tea Party : three principles / She identifies three “core principles” of American constitutional law that bind the decentralized, wide-ranging movement: limited government, unapologetic U.S. sovereignty, and constitutional originalism.
Are Social Security benefits being reduced in 2021?
Social Security payments are adjusted each year to keep pace with inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers. The 5.9% Social Security cost-of-living adjustment for 2022 is significantly larger than the 1.3% COLA in 2021.
How Long Will Social Security Last?
According to the 2021 annual report of the Social Security Board of Trustees, the surplus in the trust funds that disburse retirement, disability and other Social Security benefits will be depleted by 2034. That’s one year earlier than the trustees projected in their 2020 report.
How much was the tea tax?
The act granted the EIC a monopoly on the sale of tea that was cheaper than smuggled tea; its hidden purpose was to force the colonists to pay a tax of 3 pennies on every pound of tea. The Tea Act thus retained the three pence Townshend duty on tea imported to the colonies.
Why was tea being dumped in the harbor?
It was an act of protest in which a group of 60 American colonists threw 342 chests of tea into Boston Harbor to agitate against both a tax on tea (which had been an example of taxation without representation) and the perceived monopoly of the East India Company.
Why is the Boston Tea Party Important?
The Boston Tea Party was a raid that took place in the Boston Harbor in 1773, during which American colonists dumped shiploads of tea into the water to protest a British tax on tea. This event was important because it fueled the tension that had already begun between Britain and America.
What was the economic platform of the Tea Party?
The Tea Party’s economic platform follows its belief that less government is good. The free markets are the best generator of jobs and economic growth. The Tea Party quotes former President Ronald Reagan, “The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it.
Why did the Tea Party want to shut down the government?
The Party shut down the government in 2013 and almost refused to raise the debt ceiling because it wanted to defund Obamacare. The Tea Party included cuts to Medicare, Social Security, and Medicaid as part of the conversation. The Party also risked government shut-downs in 2011.
What are the values of the Tea Party?
The Tea Party reflects the values of Andrew Jackson: self-reliance, individualism, loyalty, and courage. Followers are suspicious of federal power. That’s why they are such avid supporters of the Second Amendment.
Why did the Tea Party oppose the American Jobs Act?
The Party opposed Obama’s American Jobs Act in 2011. He planned to fund it through tax increases to those making more than $200,000, and he wanted to close tax loopholes for oil companies and billionaires. 8 Tea Party members argued that the top 10% of earners pay almost 70% of taxes, while the bottom 50% pay almost nothing. 9