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International

In: Business and Management

Submitted By Meandyouessay
Words 1202
Pages 5
International Economics

Monica Jones

ECO/372

December 1, 2015
Larry Olanrewaju

International Economics

What does the president and congress do to stimulate the economy? What does the president and congress do to contract the economy? The president and congress can stimulate the economy by creating tax cuts, creating job bills and funding state and local governments. Tax cuts would allow companies to retain more of their earnings. The goal is that large corporations and small businesses would then turn around and hires more employees. Another benefit of tax cuts would be increased capital expenditures spending. A jobs bill would be directly aimed at creating jobs in the small business sector. The goal would be to increase the availability of credit for all small businesses. The creation of jobs bill would be aimed at increasing SBA lending and lowering capital gains taxes, which would encourage entrepreneurship and investments. Funds disseminated to local governments have the greatest multiplier effect. By getting funds to these governments, it would allow states to stop raising taxes on residents and from cutting needed services, which would help lower the unemployment rate and not further punish overly-taxed residents. In order to contract the economy, Congress and the President cut spending and program to cool the economy. If done correctly, the reward is an ideal economic growth rate of around 2-3% a year. “That means fewer contracts going to government contractors and employees, and less money in taxpayers' pockets. Benefits paid through entitlement programs are not changed by discretionary fiscal policy, except through an Act of Congress.” (Amadeo)

What does the Federal Reserve do to stimulate the economy? What does the Federal Reserve do to contract the economy? The Fed...

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