Economic Policy

The new of the united states should include cutting
taxes, reducing governmental waste, and balance the budget by having a smaller
more efficient federal government. It should include equal opportunity for
financial security but not through a government sponsored redistribution of
wealth program.
Cutting taxes across the board including income tax rates, capital
gains and estate taxes among others should provide a growth spurt for the
economy. Allowing people and businesses to keep more of their hard earned money
would enable them to spend more money. People would be able to buy more cars,
refrigerators, homes etc. The businesses would be able to build new factories
with better more ...

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to earn a decent
wage reap the same and in many cases more benefits. For example student loans
and grants for college board and tuition fees are largely unavailable to lower
middle class families let alone middle and upper middle class people. Reducing
taxes on businesses would also allow them to invert more on new product
development and research which in many instances the federal government now
subsidizes which requires management. This government management bureaucracy
cost tax payers money and is unnecessary because free market demands and the
extra money they would save from tax cuts would motivate businesses to fund
these programs themselves. This is just an example of what a smaller more
efficient federal government. "Citizens in the united states today pay 38.2
percent of there income in taxes every year" (RNC Talking Points). This is way
to much money for Americans to be paying. "Cutting everyone's taxes by 15
percent and giving them a 500 dollar per child tax ...

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cutting the amount of money that some of the governmental agencies receive for
example the "Republicans want to cut funding for the Commerce Department and the
department of Urban Development budget by $715 million, Foreign Aid by 11.5
percent, Defense budget by $6 billion and the congresses budget by $205 million"
(The Balance Sheet). They can also reduce waste by spending money more wisely
which can be accomplished by reforming some of the government agencies such as
welfare, Social Security and Head Start. One proposal inparticular seems fair
and powerful "New York senator Daniel Patrick Moynihan has been pushing for
several years- a recalculation of the consumer price index so ...

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Economic Policy. (2004, September 27). Retrieved October 20, 2021, from
"Economic Policy.", 27 Sep. 2004. Web. 20 Oct. 2021. <>
"Economic Policy." September 27, 2004. Accessed October 20, 2021.
"Economic Policy." September 27, 2004. Accessed October 20, 2021.
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Added: 9/27/2004 08:36:41 AM
Category: Economics
Type: Premium Paper
Words: 1336
Pages: 5

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