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¶ … personal income tax policy become one of the primary issues in the 2012 Presidential election campaigns from both parties. Obama has publically stated that he wishes for the Bush tax cuts, which substantially advantage the top one percent of income earners, to expire. However, he wishes to retain tax savings for the middle class. Mitt Romney on the other hand has stated that he would like to extend the Bush tax cuts, accelerate them even, and further reduce rates that individuals pay to United States as part of his plan to stimulate the economy. This analysis will consider both sides of this contentious issue and make recommendations to the Obama campaign as to how best to market their position...
Obama campaign touches on broad concepts such as raising tax rates on higher-income individuals and closing loopholes on millionaires and billionaires. As for more specifics, the president has elaborated on tax changes he supports in his annual budgets and State of the Union addresses, as well as in the corporate tax reform proposal issued by the U.S. Treasury earlier this year. On the other hand, Romney points out some general tax changes he favors, such as income tax rate reductions and maintaining the current tax treatment of investments. But the Republican candidate's plan also is light on details. Both candidates are overlooking a complex and inefficient system that hinders economic growth and the tax plan should be simplified and streamlined in order to reduce administrative overhead in all industries and become a substantial source of economic growth.
Romney's Position
Romney's tax plan is fairly simple upon the surface. He wants to cut all…
Brother's Keeper President Barack Obama announced in March, 2014, that he was launching a program called "My Brother's Keeper," which is designed to address the many challenges that face young African-Americans and Latinos (young men of color). Obama insisted in presenting this program that it is not just another big government program using taxpayer money; rather, he pointed out that wealthy philanthropic sources and corporate business leaders will provide up
Likewise, U.S. House of Representative George Miller (Democrat-California), chairman of the House Education and Labor Committee, emphasized, "A plan of this size was not easy to navigate, and it is not perfect. But I believe it's the best possible plan that could be reached swiftly, under challenging circumstances" (quoted in Dervarics 2009:6). Indeed, part of the president's approach to improving conditions for the business community are far-sighted and will
Obama Health Care In the original House bill in 2009, the Affordable Care Act would have required individuals to buy private insurance, but would also have offered a public option in the health insurance exchanges and mandated employers to provide health insurance. Premiums for the public opinion would have varied by region (Chaikind et al. 2009). Both the public option and the employer mandates were removed from the Senate version of
Business of Health Care This study highlights essential facts about health care and health in the local, national, and international health care delivery. Healthcare in the U.S. stands at crossroads between opportunities and challenges. Both the local, national, and international health systems face common problems in the delivery of efficient, high quality and equal health services. All these are concurrently happening in times when the amount of care delivered exceeds the
The most controversial aspect of the plan was the proposed national health insurance plan. In the November 19th address, President Truman called for the creation of a national health insurance fund, to be run by the federal government. This fund would be open to all Americans, but would remain optional. Participants would pay monthly fees into the plan, which would cover the cost of any and all medical expenses that
Financing Community Business The Importance of Small Business in the Economy Canadian Federal Support for SMEs Tackling SME Tax and Fiscal Priorities Rebalancing Canada's EI System Assist Small Business Owners with Succession Plans Growing Small Firms into Larger Firms Federal Support for SMEs Depleted Communities in Canada Distressed Communities in United States Community Economic Development Investment Funds Community Economic Development Funds in U.S. Non-Bank Financing Community-based financial organizations have been developed in many countries to serve the critical needs of small to medium