Economic Policy

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Term Paper Title	Economic Policy
# of Words	1286
# of Pages (250 words per page double spaced)	5.14

Economic Policy

Economic Policy

        Chad Stigall
        Econ 100
        11/26/96

     The new economic policy 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 efficient high tech equipment.  These new factories and
expanded businesses would employee more highly paid workers which would expand
the tax base and allow us to be more competitive in the world marketplace.
      Reducing the taxes would also motivate people to work harder and save
more.  The way things are now people can not seem to get ahead no matter how
hard they work.  The harder they work the more the government takes while others
who choose not to work hard or have not  developed the skills 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 credit would cut a typical
families tax bill in half, allowing them to keep an average of $1,600 more of
its hard-earned money"(RNC Talking Points).
     The question is often asked as it was in the recen...

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