Unfortunately, Medi-Cal will only pay for dental exams and tooth abstractions, but no other treatments. Even, optometry treatments are limited to only the cost of an exam. I understand that California needs to balance the state budget, but limiting and alleviating the coverage of Medi-Cal for low-income adults such as dental and optometry in order to restore the state budget is not the solution. Furthermore, the ability to afford dental and optometry treatment for low-income adults in California may not be obtainable especially, if we consider a family size combined with the annual income of a family. Besides, Medi-Cal is a state assistant program that provides the expense of treatment to low-income families who cannot afford treatment.
Initiative and Referendum Institute. University of Southern California, n.d. Web. 10 Feb. 2011. . "California Ballot Propositions - November 2nd 2010 ."
President Bush is pushing for an income tax bill that will reduce the tax brackets from 15%, 28%, 31%, 36%, and 39.6% to a new bracket in 2006 of 10%, 15%, 25%, and 33%. A cut in individual income taxes would benefit most Americans and is well deserved. However, there is no plan to cut the corporate tax rates yet. A hypothetical decline to the corporate tax rates could spawn a number of possibilities for firms and/or even influence the market. However, will a decline in the corporate tax rate positively influence market volume and different firms’ financial activities (i.e.
The current tax law decreases the Federal Treasury Revenue and makes the economy less efficient or less competitive. The multinational tax would disallow multinationals to assume half of their goods are foreign even if they are made in the US. Thus they could export to a country with low taxes and thus pay less taxes. This change would bring an increase of 7.9 Billion in corporate taxes over the next 5 years. This withdraws a lot of money from the economy and may thus decrease demand for goods, as people have less money to spend.
“California Water Crisis Questionnaire.” Questionnaire. Fresno: Heald College, 2010
This lowered level of disposable income leads to a decrease in consumption spending as well as a decrease in savings. This decrease in consumer and government spending causes the total spending to decrease by a multiplied amount, As a result of the decrease in total spending the aggregate demand decreases and the aggregate demand curve shifts to the left. This decrease in consumer and government spending also causes businesses to have a surplus of inventories. At this point the output is greater than spending and as a result prices begin to fall. Because of the surplus of goods and falling prices consumption becomes more desirable to consumers and the level of consumer spending rises.
In addition, in the long run period, a reduction in government deficit would leads to a fall in taxation, which allows businesses and individuals to generate more finance for further investment. It is also suggested by the Federal Reserve Chairman Ban Bernanke, as falling deficit would not only enhance economic performance in the long period, but could benefit the near-term by leading to lower interest rates and boost the confidences of
The outsourcing of jobs from United States of America is becoming a major threat to the American economy. Despite the substantial benefits of outsourcing, the increase in unemployment and the economy decline causes a major concern to the US government. But economists have cited many points that support outsourcing of jobs based on certain facts. If US companies do not outsource their jobs then foreign firms will produce cheaper goods and sell it to the US market. The demand curve is negatively sloped, so as the price of the substitute goods (3) that are outsourced gets low, the demand for the costlier US goods will come down.