Second, if federal budget surpluses are achieved, in part, through higher taxes, those higher taxes reduce households' disposable personal income.
If surpluses are achieved by raising taxes, households have more disposable income.
mnli hypothesis: If surpluses are achieved by raising taxes, households have more disposable income. premise: Second, if federal budget surpluses are achieved, in part, through higher taxes, those higher taxes reduce households' disposable personal income.