US Election :: essays papers

US Election Overview of the American Economy The American economy has been skyrocketing during the past decade. Growth in fields such as output, price stability, consumer demand, labor markets, and productivity have been increasing at an alarming rate. This over flow of growth occurring within the country has brought a sense of safety to the American people and with increased spending based on the â€Å"wealth effect† the American economy looks to be evermore prosperous in the years to come. Al Gore- Democrats Al Gore, the leader for the Democrat party, supports many freewill movements and has a firm understanding of the country’s future development. Gore is an avid believer in expanding the United States to encompass a more world wide approach at economics, such as enabling NAFTA to extend southward. Strongly supports cutting taxes and putting money back into the system to encourage future profits enabling for the tax cuts. More money going into the system gives ore money back tot he government and without taxation making both the government and the people benefit. George Bush- Republicans George Bush, the leader for the Republican party, strongly believes in conservative views and the welfare of the people. Bush’s ideals are more traditional and are shaped towards the white, heterosexual, over 40 year old man, which holds the majority in the United States. Supports cutting taxes and taking the money the government has and increase spending in public affairs to benefit the people. Eliminating the debt and estate tax are important also but with no increase in governmental profit. 15 percent cut in tax rates, providing greatest benefit to the rich. Favors 50 percent reduction in capital gains tax. Supports $500 per child tax credit. No mention of Comprehensive health care guarantees. Supports allowing of workers to retain health insurance while shifting jobs, nothing for uninsured. Maintaining existing tax structure, with only minor changes, favoring the rich. Supports $500 per child tax credit, $1 500 tax credit for community college. Opposes any expansion of federal programs or guaranties of health care. Privatization of Medicare. Mainly good for the rich, elderly, and veterans. Abolishing of the Department of Education. Promotes private schools against public education. Better for richer families. Encourages school prayer and patriotism. Cuts in spending and more restrictions. Eliminate food stamps and school lunch program. Very difficult for welfare cases. Cutting of $1 trillion from federal programs, Medicare, Medicaid, and Social Security.