Future of Business under Bush essays

Future of Business under Bush essays President George W. Bush has announced a 6-point agenda for stimulating the US economy that he plans to implement, if re-elected. The plan would help businesses as follows: The cornerstone of President Bush's economic plan is his proposal for eliminating double taxation on corporate dividends carrying a price tage of $ 370 billion over the next 10 years. At present, the IRS taxes a company's profits and then taxes investors who receive the profits as dividends as well. The measure is likely to benefit entrepreneurs and businesses that pay dividend income, and seeks to strengthen businesses in the long-term that choose to distribute capital to their investors by means of dividends. (Jones, 2003) Current tax laws permit small businesses to write off up to $25,000 worth of equipment purchases as expenses. The President's plan would increase that limit to $75,000 and index it to inflation - encouraging small businesses to buy technology, machinery, and other equipment needed for Small businesses would be allowed to join together to purchase health coverage for workers at lower rates, resulting in lower health care costs. Measures are planned to reduce mass tort lawsuits against businesses and health care workers and insurance companies that drive up costs of doing business. ("President Bush's Six-point Plan, 2003") Another Bush proposal relating to businesses is a comprehensive national energy plan focusing on upgrading the nation's electrical grid, promoting energy efficiency, and increasing domestic energy production. (Ibid.) ...