In the last couple of years, economic growth has been averaging 2 percent. This is nothing considering that the Chinese economy has been growing by double digits over the last decade. This level of growth is too low to accommodate the growing number of college students who graduate every year as well as the ever-rising number of senior citizens in the country. There is need to brainstorm ideas to improve our economy.
The most effective way of giving the US markets a boost is to lower taxes. Lowering taxes will bring back all the Fortunate 500 companies that have moved their manufacturing facilities overseas. Furthermore, lower taxes will bring back all the capital that companies are holding overseas for fear of being subjected to high tax rates.
Lowering taxes is seen as one of the best ways of jump-starting the American economy. Business owners will have the incentive to expand their businesses, hire more people and buy new equipment if they know that they can take more of their profits home. Today, the high tax rates are a major inhibitor to business growth.
New products are normally created through research and development. Every major company needs to have a research and development division to improve their products and introduce new product ranges. This will undoubtedly have a big impact on the economy. When consumers find a better product that is more efficient and performs better than what they have, they are more likely to spend, and this will boost our economic prospects.
Making coal clean is something that can benefit the entire US economy. Instead of banning the use of coal, which has led to job losses and closure of plants. Technology should be harnessed to make coal cleaner. The same has already been done with heating oil, as new heating oil furnaces release almost negligible quantities of greenhouse gasses into the atmosphere. This technology will ensure that the vast coal fields in America give the energy industry and jobs market a shot in the arm.
Removing red tape and simplifying regulation are two strategies that will boost economic prospects of the country. Imagine just how difficult it is for companies to get an FDA approval or secure their patent. If these are made easy, economic growth will soon follow. Removing roadblocks and bureaucracy is the best way to go forward.
Attracting foreign capital is not easy. It is also not easy to get permanent residency in the United States. That is why there is a law allowing foreigners to invest $500,000 in the country and create 10 new jobs to get permanent residency. If this amount was reduced to $250,000, more and more investors would be willing to seek citizenship through this avenue.
Lowering college fees is a great idea. Many Americans do not go to college simply because they cannot afford it while those who go to college normally graduate with huge student loan debts that make them an economic liability. Ideally, the government should reduce or subsidize college fees to make it more affordable for US citizens. This will go a long way in jump-starting economic growth and provide every industry with skilled manpower.
The most effective way of giving the US markets a boost is to lower taxes. Lowering taxes will bring back all the Fortunate 500 companies that have moved their manufacturing facilities overseas. Furthermore, lower taxes will bring back all the capital that companies are holding overseas for fear of being subjected to high tax rates.
Lowering taxes is seen as one of the best ways of jump-starting the American economy. Business owners will have the incentive to expand their businesses, hire more people and buy new equipment if they know that they can take more of their profits home. Today, the high tax rates are a major inhibitor to business growth.
New products are normally created through research and development. Every major company needs to have a research and development division to improve their products and introduce new product ranges. This will undoubtedly have a big impact on the economy. When consumers find a better product that is more efficient and performs better than what they have, they are more likely to spend, and this will boost our economic prospects.
Making coal clean is something that can benefit the entire US economy. Instead of banning the use of coal, which has led to job losses and closure of plants. Technology should be harnessed to make coal cleaner. The same has already been done with heating oil, as new heating oil furnaces release almost negligible quantities of greenhouse gasses into the atmosphere. This technology will ensure that the vast coal fields in America give the energy industry and jobs market a shot in the arm.
Removing red tape and simplifying regulation are two strategies that will boost economic prospects of the country. Imagine just how difficult it is for companies to get an FDA approval or secure their patent. If these are made easy, economic growth will soon follow. Removing roadblocks and bureaucracy is the best way to go forward.
Attracting foreign capital is not easy. It is also not easy to get permanent residency in the United States. That is why there is a law allowing foreigners to invest $500,000 in the country and create 10 new jobs to get permanent residency. If this amount was reduced to $250,000, more and more investors would be willing to seek citizenship through this avenue.
Lowering college fees is a great idea. Many Americans do not go to college simply because they cannot afford it while those who go to college normally graduate with huge student loan debts that make them an economic liability. Ideally, the government should reduce or subsidize college fees to make it more affordable for US citizens. This will go a long way in jump-starting economic growth and provide every industry with skilled manpower.
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