Monday, January 9, 2012

GM is for Government Manifesto

First, I believe that the US government should structure the tax code to encourage people to become entrepreneurs. There should be specific tax deductions for companies who start their own business, and hire people. This will help in job growth, which in turn will have more people paying taxes, which is more money that will go to the government. Also, these businesses will stimulate the economy by providing different kinds of goods and services for the people who live there.
Interest rates have a lot to do with how much money people borrow and spend, so the government should have some role in either increasing or decreasing interest rates to help stimulate or slow the economy. In turn, there needs to be some laws and regulations put in place so people can be protected from what happened during The Great Depression but still allow for free enterprise and investing. Generally, the government should allow the free market economy to operate with a minimal amount of restrictions in order to stimulate economic growth.
It is the governments ultimate responsibility to spend the money they have been given by the taxpayers wisely. There should be a statement given annually to each individual taxpayer showing how THEIR tax money has been spent. This would open a lot of people's eyes to how the government is handling their funds that they entrusted them to use. Also, if this were to happen the government couldn't spend tax payer money on things that aren't needed because it's written down on a piece of paper where all the money was spent. One way that I believe that the US could lower the nation debt is by hiring a group of people to determine where there is unnecessary spending and eliminate it.

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