The elections of new political leaders can influence foreign and domestic business policies over one's elected term. The Bush administration over the past seven years has made three large tax cuts, expanded the federal role in primary and secondary education, softened environment regulation, introduced a prescription plan, increased police powers for dealing with terrorist, and formed a massive Department of Homeland Security. Lower taxes, sharply higher spending and reduced revenues from a stagnant economy have produced a reversal of fiscal fortunes. Since 2001 President Bush and congressional leaders have promised that enacting each of a series of tax cuts would strengthen the economy by bringing faster growth, more jobs, and greater investment. The United States $5 trillion budget surplus projected in 2001 for the decade has turned into a $5 trillion deficit. Health care cost are rising at an even increasing pace, which more and more companies are passing the extra cost to......
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Approximate Word Count: 931
Approximate Pages: 4 (260 words per double-spaced page) |