Monday, April 22, 2019

Fiscal Policy Paper Essay Example | Topics and Well Written Essays - 750 words

Fiscal Policy Paper - Essay modelThe taxpayers are adversely affected by the increases in the tax imposition. Recently owing to the high monetary deficit there has been increase in the various taxes on the employers, manufacturers, wage suppression on the employees and so on. There has been a problem of inter temporal budget and the huge deficits are actually burdening the contemporary generation as well as the future generation. One of the analysts in New York Times express that, taxpayers will end up paying the costs of todays deficits tomorrow (Ackerman, 2004). But in this situation tax regime has to be tightened for bringing dynamic stability to the US economy and forfeiture has to be made now. Future Social Security and Medi distribute users Owing to the huge fiscal deficit, the Patient protective cover and Affordable Care Act enacted by the current President Obama directs towards access of equality, affordable health care and transformation within the health care system n ecessary to contain costs. The budget office of the sexual intercourse determined that the act will allow coverage to more than more or less 94% of the Americans staying within a limit of $900 billion bending the health cost curve and reducing the deficit over the neighboring decade. The social security administration forecasts that by the next four decades from now on the trust depot of social security will be utilized in either borrowing, increasing revenue or that of diminishing profits (The Patient Protection and Affordable Care Act, 2012). University of Phoenix student With the American fiscal deficit reaching lowest levels recently hit the for -profit University of Phoenix with higher costs and tremendously declining general enrollment. As a coping strategy the University has planned to close down around 115 locations bear upon the careers of around 13000 students. The University currently has about 328,000 students declined from a peak of more than 400,000. The closure of the branches will leave around 112 locations in 36 states of United States, the District of Columbia as well as Puerto Rico. Although the President of the University has conscious that the affected students will be shifted to online courses but it will leave a sense of moral humiliation among the students for sure (Veiga, 2012). The United States financial reputation on an international level The stack deficit of United States of America has widened in the month of August 2012 with exports falling to the lowest levels in the give-up the ghost six months indicating a sign of worry indicating that the global economy has reduced the demand for the US goods. The sleeping accommodation of commerce declared that the deficit increased to a level of $44.2 billion in August which is biggest open frame since May. In the global front the American made cars as well as farm goods throw away declined. The imports reduced but with a slight 0.1 percent to $225.5 billion as purchases of fore ign-made autos, aircraft and heavy machinery fell. The cost of cover also fell significantly. A significant growth in the trade deficit imparts a negatively charged vibe as it signifies that the US is earning less on an overseas scale with respect to its domestic products. The manufacturers of US have been also hampered by slumping economies in countries like Europe, China and other key export markets which accounts for at least one-fifth of U.S. exports. The economic growth also declined to an annual rate of only 1.3% in the canton of April-June (Crutsinger, 2012). Unemployed individuals Unemployment is a serious problem which requires particular attention.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.