Yarilet Pérez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in several cities covering breaking news, politics, education and much more. Her background is in personal finance, investing and real estate.
Yarilet Pérez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. He has worked in several cities to cover breaking news, politics, education, and much more. His background is in personal finance, investments, and genuine business. goods.
In 2017, the Trump administration proposed and Congress passed the Tax Cuts and Jobs Act. The law reduced the corporate tax to 20%; the most sensible corporate source of 35% pre-bill income tax rate. Tax brackets for several non-public revenue sources have also been reduced. The bill costs $1. 5 trillion and aims to spur economic expansion over the next 10 years.
During the Great Recession, the Obama administration, working with Congress, proposed and passed the American Recovery and Reinvestment Act of 2009. The stimulus package was intended to stimulate economic expansion amid a decline in business and personal investment. . Obama’s stimulus package, as it is often referred to, included federal government spending of more than $80 billion on highways, bridges and roads. The stimulus measures were aimed at creating jobs in the structural sector, which has been greatly affected by the effect of the credit crisis on the residential sector and advertising structure.
Economic expansion has 4 phases: expansion, peak, contraction and valley. Expansion occurs when employment, production, etc. , increase and eventually reach their peak. After this peak, the economy reports a contraction and bottoms out.
There is no single answer to what makes an economy strong. Several points combine to contribute to strong economies. Efficiency and resources are among those contributing points. An example would be an efficient production strategy that would convert resources into products that can be shipped and sold faster.
Two common measures of economic expansion are gross domestic product (GDP) and gross national product (GNP). While GDP measures all output produced within a country, GNP also includes sources of investment income and eliminates sources of investment income obtained through foreign investors.
Congress of the United States. H. R. 1 – An Act that provides the approximation under Titles II and V of the concurrent solution on the budget for the fiscal year 2018. “
Internal Revenue Service. “The highlights of the tax reform for companies. ”
Congressional Research Service. “The economics of the 2017 fiscal review: initial observations”, pages 1, 9.
Congress of the United States. ” H. R. 1 – United States Recovery and Reinvestment Act of 2009. “
The Obama White House Archives. “Executive Office of the President’s Council of Economic Advisers: The Economic Impact of the American Recovery and Reinvestment Act of 2009, Fourth Quarterly Report, July 14, 2010,” pages 2-3, 6.
U. S. Bureau of Economic Analysis. ” Concepts and Methods of the National Accounts of Income and Products of the United States”. Pages 2 to 8.