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.
Diagram of US Federal Government and American Unio...
English: This is just like File:US Federal Outlay ...
Balance SheetThe 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...