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Discussion on fiscal stimulus package.

President Obama pushed his massive fiscal stimulus package of $787 through the Congress also later passed by the House also Senate, whose centre piece was spending most of this stimulus funds in repairing also building infrastructure in transportation, healthcare, education, science also technology also education. Obama also wants to make a modest tax cut for middle-income families making a household income less than $250K per yr. The push for this combined package of spending also partial tax cut was criticized by several opponents in politics, academia also businesses on the grounds which the spending was too large under government financing to balance the growing budget deficit also debt which might threaten future stability of the country.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M916545

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