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President Bush vs. John Kerry President Bush has just provide us a details but. In addition to his spending plans, h has mad it clar h wants Congress to mak his tax cuts permanent. Givn his track record and his xp licit plans, w hav a basis for judgments about how th colony will like perform if h is r-ltd. The economic policies of the George W. Bush Jnr Administration are essentially those of the Neoconservative right as developed during the Reagan presidency.
Since his belated inauguration in early 2001, President Bush has been propagating his different agendas from education to campaign reform. One of his biggest and, perhaps, most debated proposals is that of his $ 1. 6 trillion dollar tax cut over the next ten years. Spurned on by the Congressional Budget Offices (CBO) forecast of a $ 5. 6 trillion budget surplus over the next ten years, Bush's Administration believes that there is more than enough room for a cut of that size. Bush's proposed tax cut is simple enough. It frames reducing the number of federal income tax brackets by one, from five to four, and slides the percentage rate scale down between 10 - 33 %, depending on earnings. Other benefits include a doubling of the child tax credit, eliminating the estate tax, lowering the marriage tax and expanding the limits for educational saving.
To candy-coat his cuts, Bush used a model American family, which pulls down a moderate income of $ 70, 000 per year and, yearly, will be alleviated of about $ 1, 600 worth of tax burden under the new tax plan. However, Democrats are still uncertain, not about the need for a tax break, but about who will derive the greatest benefit from the proposed plan. Thus far the Democrats arent rolling over, but the good news is that are not rushing to the barricades either. It seems that the congressional leadership is trotting out old-time populism. Amongst their favorite props is a sound bite from Senator Tom Daschle that depicts the tax cuts as, a muffler for the working class and a Lexus for the rich. The partys large and growing centrist element is willing to support perhaps a portion of the cuts, and they favor some of the business-tax breaks that the Bush white house opposes.
However, the current administration and their figurehead, President George W. Bush, have to undergo an entirely different kind of scrutiny. Presently, faced with a federal budget surplus provided by their predecessors, the Bush Administration is proposing to fund a tax cut, which has democrats up in arms. While President Bush tries to gain bi-partisan support on Capitol Hill for his proposed tax cut, he continues to formulate his agenda by voicing his administrations view in a public forum.
Since his belated inauguration in early 2001, President Bush has been propagating his different agendas from education to campaign reform. One of his biggest and, perhaps, most debated proposals is that of his $ 1. 6 trillion dollar tax cut over the next ten years. However, there is another side of the coin. The tax cut plan proposed by Bush may not be the best choice ever.
After a great 8 years under President Clintons fiscal discipline in the government, we have had a great economic surplus that included other huge surpluses as well. President Bush wants a huge tax cut that obviously can increase interest rates and recreate the loss of consumer and business confidence that had the same deficits during the late 80 s and early 90 s. While President Bush's proposed tax cut of roughly $ 2 trillion seems extremely favorable, the reality is that it will hurt the future of our country greatly. Robert E. Rubin, former Secretary of the Treasury, knows a lot about our money and can easily see that President Bush's huge tax cut can create a huge error in economic policy.
When looking over the last 20 years and how we have done with fiscal discipline and without fiscal discipline, we can find many clues that our nation has benefited from fiscal discipline. First off, we have gained greatly when our nation has been committed to fiscal discipline and lose greatly when it is not. Another reason is that we have a huge duty to not pass on the burdens of a huge national debt and recession to the next generation, when we can act and stop problems from happening today. Th situation with Mr. Kerry is very different.
W do not yt hav a court tax and spending program from Massachusetts' junior Democratic senator, and many of his comic policy statements hav bn contradictory. Th press and his political opponents should demand answers to som very basic questions. John Kerry has criticized President Bush for "lading us from a surplus to a deficit. " Sn. Kerry has said h favors th Bush tax cuts, sept thos for th "very wealthy. " But th tax rat cuts for th "very wealthy" (i... , top rat tax part) hav only account for a very tiny portion of th deficit and, if rescinded, will run futur dficit's by a minuscule thr-tits of 1 print of gross domestic product. Mr. Kerry has said h will work to near U.
S. companies night legally mov the corporate headquarters to low tax jurisdictions nor outsource work to foreign jurisdictions. How, if tax's and wags ar low in othr parts of th world, foreign comptitor's to U. S. companies will hav low costs. Ovr th long run, if a foreign competitor has low costs than th U.
S. company, th foreign competitor will most like gain world markt shar and, perhaps, vn run th U. S. company out of business. it way, th U. S.
company will shrink relative to its foreign competitor, which mans it will lay off U. S. work. Mr Kerry process to bring that mony hom, by offering a on-yar moratorium (another Republican ida) during which companies that repatriate profits pay only a 10 % tax on mony that is rinsed at hom. Thraftr, tax on profits overseas must b paid immediately.
Th such, it is reckon, will rais an xtra $ 12 billion a yar. Th mony will b set looking th overall corporate tax rat, as wll as providing a tax credit to companies that tak on nw work in industri's, both in manufacturing and services, that ar losing jobs to outsourcing. Mr Kerry is simply thinking with an already fiendishly complex tax cod. His utterance this wk on high oil pricshastily wrapped up as a policy had th sam sort of opportunism about thm.
H promise show to put pressure on oil-x porting nations to increase output. H call for th impossible goal of krry indpndnc for America. And h criticism Mr Bush for continuing to add to th country's Strategic Petroleum Rss, vn though such purchase hav only a marginal impact on oil price. Admittedly, that can scarcely b wor's than th Whit Hous's krry policy, which consists mainly of blaming th Democrats for blocking a pork-last krry bill.
Yt about, still, from Mr Kerry's comic thinking is any sns of an overarching, unifying thm. Th candidate's back promise that, ovr th coming wks, with mor comic utterance, such a thm will show mrg. For now, though, Mr Kerry is not Bill Clinton. "Today's reckless allegation by Senator Kerry that the president is overemphasizing the threat of terror demonstrates a profound misunderstanding of the global war on terror and the threat facing America and the world, " said Marc Racicot, the Bush campaign chairman, in a statement. (Kerry: Bush uses terrorism threat for campaign) The current presidents standing on security and terrorism has been dented by the situation on the ground in Iraq, the early findings of the Sept. 11 commission and one book after another calling into question Bush's decision-making on the war. Kerry's approach also marks a break with the patterns of the past. He is said by his advisers to believe that the Democrats made a crucial mistake in 2002 by largely ducking terrorism and foreign policy. Democrats thought they could win by trying to shift the focus of the election to domestic issues: the economy generally and prescription drugs for the elderly and a patients' bill of rights in particular.
The strategy failed because the attacks of Sept. 11, 2001, guaranteed that even among voters primarily concerned with bread-and-butter questions, terrorism, security and war loomed as genuine fears. Terrorism and national security are going to be the constant backdrop of the election, said one top Kerry adviser. While domestic issues will still be decisive for most voters, the aide said, Kerry recognizes that a candidate needs to make clear he understands that the president's first job is to protect the nation. On a day when Osama bin Laden again threatened the United States and our allies, it is disturbing to realize that John Kerry neither recognizes nor understands the murderous ideology of our enemies and the threat they pose to our nation. " (Kerry: Bush uses terrorism threat for campaign) Kerry spokesman David Wade called the Bush campaign's reaction "more desperate attacks...
brought to you by the same people that trotted out Karl Rove to shred America's post 9 / 11 unity to politicize the war on terror. (Kerry: Bush uses terrorism threat for campaign) George Bush vowed to stay the course in Iraq and made the argument to the American people that the conflict there is part of the larger war on terror. The president also said he looked forward to comparing his strategy for combating terrorism with Kerry's approach. (Kerry: Bush uses terrorism threat for campaign). In my own opinion, Kerry's economic policies are better than Bush's. Kerry's approach towards the danger of terrorism is more progressive than Bush's; however, on another hand Kerry's will experience difficulties if to stop terror after wars in Iraq and Afghanistan held by Bush if Kerry will be elected in November. Sources: Kerry: Bush uses terrorism threat for campaign web Majority supports Bush on terrorism http: // web nation / polls / 2004 - 03 - 29 -poll. htm Poll: Despite Iraq Woes, Bush Hangs Tough web iraqelectionpoll 040419.
html Bush, Kerry present differing takes on economy web Bush, Kerry Duel Over Economy's Health in Radio Talks web wabc / news /apress 040304 bushandkerry. html
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Research essay sample on President Bush Vs John Kerry
