George W. Bush, the current president of United States, has initiated a number of plans to facilitate growth of the US economy. During first term of Bush’s administration, he has taken an initiative to bring about a tax cut program in all parts of the United States.
Tax Cut Program of George W. Bush Under the tax cut program, Bush administration plans to cut tax worth of US $1.35 trillions. George W. Bush and his economic advisors are also in favor of distributing the unused funds to the taxpayers. This tax cut program of Bush administration is expected to fuel economic prosperity of USA.
Foreign Policy of George W. Bush Foreign policy of George W. Bush assumes huge importance in context of presidential economic plans. Bush administration attempts to establish a well-coordinated political and economic relationship with the Latin American nations. Bush’s foreign policy puts stress on developing a stronger trade relationship with Mexico.
2006 Annual Budget In the annual budget for the fiscal year 2006, George W. Bush had planned to cut discretionary spending for non-defense purposes like education, law enforcement, health care, protection of environment and so on. President George W. Bush’s 2006 budget reduced spending on 154 programs.
In 2006 fiscal budget, Bush administration had planned to increase budget expenditures on areas like anti-terrorism, border security, seaport security, safety of drinking water and food, airport security, and the like. Bush administration’s budget excluded costs associated with privatization of social security.
Economic Initiatives of George W. Bush The economic policies of the Bush administration also include many other initiatives to develop a business-friendly environment within domestic territory of United States. George W. Bush’s economic policies also take into account initiatives like expanding base of the corporate tax, restricting lawsuits against corporate houses, permitting drilling of oil in the Arctic National Wildlife Refuge, and many more.
Many people assume that politics and economics are separate spheres. We find ourselves often harkening back to the even older tradition of referring to "political economy". Harold Laswell, regarded as the father of modern political science, famously defined politics as who gets what, when and how. Is not that the role of the price mechanism and the market economy?
Nouriel Roubini, a.k.a. “Doctor Doom”, is chairman of Roubini Global Economics and professor of economics at New York University’s Stern School of Business. Roubini has been consistently cited as one of the world’s top global thinkers. This year, he was voted as the most influential economist in the world by Forbes magazine.
Andrea Edwards has worked in marketing and communications all over the globe for 20 years, and is now focused on her passion – writing. A gifted communicator, strategist, writer and avid blogger, Andrea is Managing Director of SAJE, a digital communications agency, and The Writers Shop – a regional collaboration between the best business writers in Asia Pacific
James W. Harpel Professor of Capital Formation and Growth at the John F. Kennedy School of Government in Harvard University. Director of Program in International Finance and Macroeconomics at the National Bureau of Economic Research.