1. Bush Plan
... taxpayers approximately $700 billion over the next ten years. In May, Congress had passed the plan, but reduced it to about $350 billion. Some of the major components of the package are huge tax cuts across the board including income tax, tax on dividends, and tax on capital gains, and a tremendous increase in national defense. The Bush administration argued that this package would help stimulating ... the economy by giving back money to businesses. Businesses would have more money and would spend it to hire more workers. However, this plan would benefit ... largely the wealthiest peop...
- Word Count: 227
- Approx Pages: 1
- Grade Level: Undergraduate