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Business
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| Number of pages / Number of words: |
8 / 2212 |
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This rapid expansion has been concentrated in the five quarters following the 2003 Bush tax cuts. Since the third quarter of 2003, growth has averaged 4.62 percent.
Present! Smart tax policy is a key ingredient of economic growth, and the tax policy moves of the last three years have had a marked impact on economic activity...
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This influence has been particularly evident since mid-2003 when the Bush tax cuts were passed by Congress: these cuts created strong incentives for investment, which in turn spurred the American economic engine.
Investment is one of main components of GDP, and also one of most variable. Many observers believed that the investment boom of the 1990s would cause a long-term surplus of plant and equipment, stifling further expansion...
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2003 DBQ
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