Policies for Economic Growth

Explain which of the following policies you believe are likely to increase the rate of economic growth in the United States.

a. Congress passes an investment tax credit, which reduces a firms taxes if it installs new machinery and equipment.

b. Congress passes a law that allows taxpayers to reduce their income taxes by the amount of states sales taxes they pay.

c. Congress passes a bill that pays all outstanding student loan debt in the United States.

500-600 words

part two

Trump vs. Obama

Please do a Google search and see what differences you can find between President Trump and President Obama (in terms of fiscal policy). Please share what differences you have found. What are the short and long-term implications their policies?

NOTE: Please be friendly and observe “netiquette” on this forum. We are simply discussing their economic policies.

part three

money

What are the three functions of money? Can something be considered money if it does not fulfill all three functions? Would you consider Bitcoin money?