TAILIEUCHUNG - ECONOMICS EDUCATION and FINANCIAL LITERACY: Objectives and Correlations to Mathematics and History and Social Science Standards of Learning and Career and Technical Education Competencies

Income tax rates are at the center of many recent policy debates over taxes. Some policymakers argue that raising tax rates, especially on higher income taxpayers, to increase tax revenues is part of the solution for long-term debt reduction. For example, in the 112th Congress the Senate passed the Middle Class Tax Cut (S. 3412), which would allow the 2001 and 2003 Bush-era tax cuts to expire for taxpayers with income over $250,000 ($200,000 for single taxpayers). Other policymakers argue that maintaining low tax rates is necessary to foster economic growth. For example, the House passed the Job Protection and. | ECONOMICS EDUCATION and FINANCIAL LITERACY Obịectives and Correlations to Mathematics and History and Social Science Standards of Learning and Career and Technical Education Competencies Commonwealth of Virginia Board of Education Richmond Virginia April 26 2006 Copyright April 26 2006 by the Virginia Department of Education . Box 2120 Richmond Virginia 23218-2120 http All rights reserved. Reproduction of materials contained herein for instructional purposes in Virginia classrooms is permitted. Acting Superintendent of Public Instruction Patricia I. Wright Assistant Superintendent of Instruction Linda M. Wallinger Instruction James C. Firebaugh Director Office of Middle and High School Instruction Elizabeth M. Russell Director Office of Career and Technical Education Deborah Kiger Bliss Mathematics Coordinator Beverly Thurston History and Social Science Coordinator Anne Rowe Business and Information Technology Specialist The document was edited and produced by the CTE Resource Center Margaret L. Watson Administrative Coordinator Mary C. Grattan Writer Editor NOTICE TO THE READER The Virginia Department of Education does not unlawfully discriminate on the basis of sex age race color religion handicapping conditions or national origin in employment or in its educational programs and activities. The 2006 Economics Education and Financial Literacy Objectives can be found in PDF and Microsoft Word file formats on the Virginia Department of Education s Web site at http . ACKNOWLEDGMENTS The Virginia Department of Education wishes to express sincere appreciation to the following individuals and organizations who contributed to this document. Kemper Baker Gail Englert Greg B. Farmer Suzanne Gallagher Lauren Geerdes Nancy Groves Scott Habeeb Celia Hayhoe Mark Hubbard Penny Jez Tina Lambert Jonathan Lewis T. Dean Lewis Steve Malin Steve Malone Ann Marie McHugh Judith Sams Muriel Siebert Robert Sowell Locke Trigg Lis Turner Virginia

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