QUESTION 1: A recent letter to the editor in The Wall Street Journal stated the following: Those of us who run businesses know that taxes are simply another expense that has to be recovered. The first option for businesses facing higher taxes is to pass the expense on to customers in the form of higher prices or lower quality. The second option (and it is a distant second) is to reduce employee compensation or lower investor returns. The first option is preferred, but either way, the corporations arent paying the tax, they are collecting it. We should drive corporate taxes as low as possible and use progressive individual taxes to pay for government. Everyone who has income should pay. If everyone pays, we would see more fiscal responsibility in government. Assigned task: In a well-written essay of approximately 300-400 words, supported by at least three quality external sources, you must answer the following question: Do you agree with the above statement? Why or why not?