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Obama tax cuts 2009 - Leadership
In 2009 Barack Obama cut taxes for 95% of working Americans. People receiving these tax cuts were working class families, small businesses, and first time home buyers. These tax cuts are part of the monetary policy.
http://www.politifact.com/truth-o-meter/statements/2010/jan/28/barack-obama/tax-cut-95-percent-stimulus-made-it-so/ -
The Hiring Incentives to Restore Employment (HIRE) Act of 2010
Provided payroll tax breaks and incentive for businesses to hire unemployed workers. Employers also get up to $1,000 in tax credit per worker.This $17.5 billion was enacted on March 18th, 2010 in order to lower the unemployment rate.This falls under the Fiscal policy and aims to help with the budget deficit, as there would be more employers to tax and gain the Gov’t more money.
http://hireact.org/ -
Budget deficit with Defense Expenses
In 2013, the United States spent over $718 Billion on the U.S. defense budget. This shows that as much as our government has been trying to get out of the national debt, they still feel it is important to keep our military as the strongest and most powerful asset in the world. This would be part of the fiscal policy. -
Budget Deficit with F-35 Fighter Jets
Heading any list of wasteful government projects is the F-35 Joint Strike Fighter. Years behind schedule and plagued with cost overruns and technical glitches, the effort has cost around $400 billion to date, making it the most expensive weapons effort in U.S. history. This event is part of our budget deficit, which results from our fiscal policy. http://www.concordcoalition.org/iousa/americas-four-deficits -
Trade Deficit with China
U.S trade deficit with China hit an all time high in 2015 with a deficit of $365,694,500,000. America exported 116.1863 billion dollars while importing 481.8808 billion dollars, giving the U.S a large trade deficit. This would fall under fiscal policy.
http://www.cnsnews.com/news/article/terence-p-jeffrey/365694500000-merchandise-trade-deficit-china-hit-record-2015 -
Savings in America
About 30% of Americans have no balance in their savings account and 62% disclose having less than $1000. This combined with the amount of Credit Card debt that is prominent in the U.S., the average American does not have enough savings for their own retirement and healthcare.
-Result of Fiscal and Monetary
-Falls under savings Category
http://www.fool.com/retirement/general/2016/03/11/the-average-americans-saving-habits-9-scary-statis.aspx
