The 2016 federal budget as submitted but the office of the President of the United States is listed and summarized on the White House website. The overall theme of the budget is middle class economics. This is the main idea and concept behind the fiscal year 2016 federal budget. This brief report will list the budget details including the revenue and tax policies as well as the spending priorities and new initiatives. While middle class economics are the focus, there are lots of other things mentioned.
Initiatives of New Budget
The federal budget includes the following:
Improving access to high-quality child care and early education for parents with young children. The budget is supposed to ensure that children have access to high quality learning starting at birth by making several key investments (White House, 2015).
It would expand access to...
The budget would propose a historic investment in child care to ensure that there is quality and affordable care available to all low- and moderate-income working families with young children. This overall proposal is supposed to expand access to high-quality care for 1.1 million additional children under the age of four within the next ten fiscal years and help the United States build a supply of quality of care and so forth that all families that need it can access (White House, 2015).
There are tax cuts for families paying for child care and those families would get up to three thousand dollars per child. There will be what is known as the Child and Dependent Care Tax Credit (CDCTC) for families with children under age five and would make the benefit available to households that make up to $120,000 a year. It would supposedly help young children, older children and dependents who are elderly or that have disabilities (White House, 2015).
There will be an increase in the duration of the Head Start programs and invests in high quality infant and toddler care (White House, 2015).
The budget is supposed to lay the groundwork for Preschool for All. There will be a budget item of $750 million for the Department of Education Preschool Development Grants. This would be a fifty percent increase over the prior level (White House, 2015)..
As far as how the revenue side of things would work, the changes or things that will be kept will involve the following:…
American history that have changed the arc and path of society and culture forever. A few recent examples would include the emergence of the World Wide Web in the 1990's, social media more recently as well as the general progress made with the automobile and other modes of transportation. However, the one technological arc in the last century that has perhaps changed things more than anything else has been
EEOC Review The Equal Employment Opportunity Commission (EEOC) is far and away the most prolific and omni-present agency that exists in the United States, at least at the federal level, that regulates employers and protects employees from discrimination and other unlawful and/or unethical employment practices including inequity in who is hired, who is fired, who is promoted and why, who is given raises and why and so forth. While budgetary constraints
overwhelming connections between healthcare costs and the macroeconomic performance of the U.S. economy. The impact of healthcare industry on the macroeconomic performance is evident from the fact that in 2009 healthcare expenditure of the U.S. was 18% of the gross domestic product (GDP) of the country. It was also estimated that should the healthcare costs continue to grow at historical rates, 34% of the U.S. GDP will compose of