Economic Policy

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Economic Policy

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, a...

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...Review and Outlook Dole and Taxes." The Wall Street

Journal 29 July 1996: A12 Sepp, Peter J. "Are Republicans Serious

About Cutting

Fat?" New York Times 30 Aug. 1995: A17 "Dole Hopes Tax-Cut Move Will

Energize His Campaign, but

Which taxes to Cut?" The Wall Street Journal 15

may 1996: A16 "A Vote for a Sensible Center." Business Week 18 Nov.

1996: 194 "The National Debt. It's Eating Us Alive!" Internet

http://www.europa.com/~blugene/deficit/debt.html "The Balance Sheet --

August 11, 1995." Internet

http://www.rnc.ogr/news/balance/bal-950815.html "RNC Talking Points

Cutting Taxes and Balancing the Budget

Bill Clinton's Dirty Little Secret: A $64 Billion Tax

Increase" Internet

http://www.rnc.org/news/talking/tp-960913.html

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