government's economic policy
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Title: government's economic policy

Essay Details:

Subject: Business
Author: Richard E
Date: December 19, 2016
Level: University
Grade: B
Length: 2 / 433

Essay text:

Their purposes are to sustain economic growth, decrease unemployment and control inflation. Fiscal policies is best defined as the changes in taxes and spending that affect the level of Gross Domestic Product (GDP) to stabilize the economy. (O'Sullivan and Sheffrin, 2006, pg. 547). In 2003 the tax law changed to include a child tax credit. The Jobs and Growth Tax Relief Reconciliation Act of 2003 raised the Child Tax Credit to a maximum of $1,000 per child from $600 per child. The internal Revenue Serviced mailed refund checks to the qualified individuals. (Internal Revenue Service May 2003) It seems like there has been great debate whether the tax cuts of 2003 did any good...

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