Future of Business under Bush

             President George W. Bush has announced a 6-point agenda for
             stimulating the US economy that he plans to implement, if re-elected. The
             plan would help businesses as follows:
            
• The cornerstone of President Bush's economic plan is his
             proposal for eliminating double taxation on corporate dividends
             carrying a price tage of $ 370 billion over the next 10 years.
             At present, the IRS taxes a company's profits and then taxes
             investors who receive the profits as dividends as well. The
             measure is likely to benefit entrepreneurs and businesses that
             pay dividend income, and seeks to strengthen businesses in the
             long-term that choose to distribute capital to their investors
             by means of dividends. (Jones, 2003)
            
• Current tax laws permit small businesses to write off up to
             $25,000 worth of equipment purchases as expenses. The
             President's plan would increase that limit to $75,000 and index
             it to inflation - encouraging small businesses to buy
             technology, machinery, and other equipment needed for
            
• Small businesses would be allowed to join together to purchase
             health coverage for workers at lower rates, resulting in lower
             health care costs. Measures are planned to reduce mass tort
             lawsuits against businesses and health care workers and
             insurance companies that drive up costs of doing business.
             ("President Bush's Six-point Plan, 2003")
            
• Another Bush proposal relating to businesses is a comprehensive
             national energy plan focusing on upgrading the nation's
             electrical grid, promoting energy efficiency, and increasing
             domestic energy production. (Ibid.)
             ...

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Future of Business under Bush. (1969, December 31). In MegaEssays.com. Retrieved 03:30, November 15, 2024, from https://www.megaessays.com/viewpaper/201431.html