Cultural factors DB Research Paper Example | Topics and Well Written Essays - 250 words

Cultural factors DB - Research Paper deterrent exampleApart from $1 trillion reduction in spending, government agencies have managed to identify over 580 proposals that leave behind streamline federal regulations and hence reduce regulatory costs. The President also introduced a Buffett Rule a principle of receipts fairness that requires everybody to pay their fair sh ar by ensuring that no household do over $1 million annually pays a smaller share of in their income in taxes more than than that paid by middle class families.The growth of government since 1930s has seen a steady step-up in government spending. In 1930, the government spending was about 3.3% of the countrys GDP. This figure change magnitude steadily to 44% in 1944 before falling back to 11.6% in 1948. Since then, the figure has been on the rise. In 1998, the federal budget reported its first surplus of $69 billion. In 1999, the surplus rose to $ one hundred twenty-five billion and again to $246 billion. In 200 5 fiscal year, the budget shrinks because of a sharp increase in tax revenue. However, in 2007, the budget reduced to $161 billion. The congressional budget office projects that, the federal deficit for 2009 fiscal go away spike a drastically to an exceptional $1.2 trillion, or 8.3% of the GDP. This new budget is opted to set to set the US with a record-breaking deficit of about $1.56 trillion in 2010. The US fiscal policy is expansionary in nature in that it focused in increasing the budget to stimulate the economy (Muhleisen & Towe, 2004). The American consumers count a greater role in fiscal policies. Fiscal policies mainly focus in taxation in stimulating the economy. The tax system as proposed by President Obama ensures that the high class consumers are taxed more than the middle class consumers. Therefore, before making any fiscal policy is made, then consumers interest has to put into consideration before they will be affected directly or/and indirectly. everyplace the pas t five years the influence of consumers on fiscal policies