Here is how it can be done.
A president's economic policies including tax policies, approach to regulations, spending priorities, and foreign trade policies, has a significant impact on the economy and job creation.
Two examples:
1. A targeted tax reduction that reduces a company's social security payment would result in a lower cost of labor for business and would be an incentive to maintain or increase employment. A non-targeted tax cut that reduced taxes primarily on the wealthy may result in more saving and investment, or more consumption but may not result in increased employment depending on how the funds were disposed by the individuals.
2. An goverment investment in infrastructure such as took place in the 90s with the Internet can result in job growth. This is also a good example of how an administration?’s regulatory focus can result in job creation. The internet was created by the American government for defense and research. The infrastructure was strengthened over time until it became a commercially viable tool. When the internet was then turned over to private enterprise it resulted in the creation of millions of jobs.
By Adam Smith
A president's economic policies including tax policies, approach to regulations, spending priorities, and foreign trade policies, has a significant impact on the economy and job creation.
Two examples:
1. A targeted tax reduction that reduces a company's social security payment would result in a lower cost of labor for business and would be an incentive to maintain or increase employment. A non-targeted tax cut that reduced taxes primarily on the wealthy may result in more saving and investment, or more consumption but may not result in increased employment depending on how the funds were disposed by the individuals.
2. An goverment investment in infrastructure such as took place in the 90s with the Internet can result in job growth. This is also a good example of how an administration?’s regulatory focus can result in job creation. The internet was created by the American government for defense and research. The infrastructure was strengthened over time until it became a commercially viable tool. When the internet was then turned over to private enterprise it resulted in the creation of millions of jobs.
By Adam Smith