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bush stimulus
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The Bush Stimulus Package
President Bush has just unveiled his new $674 billion economic stimulus package. The Democrats, although they have little chance of getting it passed in the GOP-controlled Senate, have countered with a plan of their own, with a much lower tab of $136 billion.
The centerpiece of the Bush plan is arguably the elimination of the tax on dividends paid by shareholders, which makes up a hefty $364 billion of the entire sum. The reasoning is that it is unfair to tax corporate earnings once and then again tax them when they are paid out as dividends to shareholders. However, the president’s logic is faulty in that there are many instances of so-called double taxation in our society. For example, when one earns a dollar as part of one’s income, it is taxed and then it is taxed again in the form of sales tax when the dollar is spent.
Another criticism lodged at the White House is that the repeal of the dividends tax benefits the wealthy in a disproportionate manner. Democrats charge that the wealthiest one percent of Americans would stand to gain over forty percent of the benefits. This is partly due to the fact that the wealthiest generally receive the greatest percentage of their income from dividends. Analysts say Mr. Bush is trying to appeal to the new “investor class”, which now includes the majority of Americans. Interestingly enough, senior citizens and retirees comprise a significant portion of stockholders who collect on dividends. That is what allows George W. Bush to claim that repeal of dividends tax is designed to benefit seniors, when wealthy investors will reap the most reward.
The purpose, in theory at least, of ending double taxation is to put more money in the hands of investors, and to encourage more Americans to invest in the ailing stock market, which is now near an all-time low. Another beneficial effect will be to encourage large corporations to pay dividends, thus giving more money to Americans. If this money goes towards consumption and private and capital investment, the economy will inevitably get a much-needed boost, since GDP=C+I+G+X.
In addition to elimination of dividend taxation, the Bush plan proposes to make the 2001 tax cuts permanent. Again, one can argue that the wealthy are the primary beneficiaries of Mr. Bush’s tax cuts. But part of the problem stems from inherent inequities in the tax code.
Sixteenth Amendment- Authorization of an Income Tax – Progressives thought this would slow down the rising wealth of the richest Americans by using a sliding or progressive scale where the wealthier would pay more into the system. In 1907, Roosevelt supported the tax but it took two years until his Successor, Taft endorsed the constitutional amendment for the tax. The Sixteenth Amendment was finally ratified by the states in 1913. The origin of the income tax came William J Bryan in 1894 to help redistribute wealth and then from Roosevelt and his dedication to reform of corporations. I agree with an income tax to pay for all of our government systems and departments, but I believe there was a misfire with “redistributing wealth.” The redistribution is seen in welfare systems whereby individuals receive money to live. This is meant to be a temporary assistance, but sadly, most that are in the system are stuck due to lack of assistance in learning how to escape poverty. There are a lot of government funded programs, but there is no general help system to help lift people up and stay up, so there continues a cycle of
The novel begins with a few short introduction chapters which Bronte had most likely used to illustrate how incompetent the character of Lockwood was, and to foreshadow what was to come in later chapters. After these, it begins to immediately demonstrate to the reader the plight of Heathcliff’s childhood and how hard a time he had had of it. The very first time that Heathcliff is mentioned, he is described as “A dirty, ragged, black-haired child, big enough both to walk and talk…” [Wuthering Heights, Chapter 4] and is referred to as “It.” Mr. Earnshaw claimed to have found him starving, homeless, and abandoned on his trip to Liverpool. This sounds incredulous to say the least, considering that Mr. Earnshaw had made the trip on several other occasions without bringing back any ‘surprises’, and that the cities of London at the time were practically crawling with Orphans. While it never outright states so within the novel, it appears as if Heathcliff is in fact Mr. Earnshaw’s illegitimate child. If this was the case, it would also p...
Many ponder the idea of federal taxes and whether the wealthy deserve to pay a higher percentage rate of their overall income. That is, they argue that because our society needs more equality and a lower national budget deficit, taxes on the rich must be raised. This specific topic has been discussed for decades, and due to the severely different perspectives, it is unclear whether the two sides will ever come to an agreement. President Barack Obama and much of the Democratic Party strongly lean towards raising taxes on the rich, while the conservatives and the Republican Party heavily lean towards a more balanced flat tax. However, after extensive research and focus on what would be best for the equality of individuals, the nation and its economy, this paper will firmly prove that the top one percent should not be taxed any more than they are today.
The American Recovery and Reinvestment Act was signed into law by President Obama on February 21, 2009. The law had three major goals which were all aimed at stimulating a sluggish US economy. The first goal was to create new jobs and save existing ones by tax credits for hiring new employees. The second goal was to spur economic activity and investment in long term growth by increasing the amount of business asset that could be acquired by companies while allowing for immediate deductions for the cost of the assets as well as numerous tax credits for individuals and businesses. The third goal was to foster unprecedented levels of accountability and transparency in government spending by requiring recipients of recovery act funds to post acknowledgements on the Recovery.gov website.
Spanking a child is a controversial issue. On one side of the debate are people who believe spanking is a necessary component of parenting. On the contrary are people who think spanking a child is destructive. Somewhere in the middle are people who believe spanking is legitimate only when used correctly. Part of the reason for the debate is that some parents and experts define spanking differently. To some, spanking means slapping a child on the rear-end, while others believe it is a form of corporal punishment that does not cause injury. By showing how each perspective of spanking supports their claim and defining spanking, one will be able to form an opinion.
Finally, we need to know more about the personal resources of parents that can lessen the incidence of spanking. It is found that spanking sharply decreases as the parent ages. Despite ideological motivations, parents can and should be trained to understand alternative strategies of discipline (Day 93).
Spanking is commonly associated with parents attempting to correct behavior in a child; ultimately often out of frustration and/or anger with the child’s behavior. In the heat of the moment, most parents do not associate the long term psychosocial or behavioral effects the act of spanking can have on a child. The dangers of these effects derived from how children think and behave show us that spanking is not an effective form of discipline.
The country folk would swear on the bible that they have seen Heathcliff’s ghost near the church, on the moors and even at Wuthering Heights. An old man affirms that he had seen two ghosts (of Heathcliff and Cathy) on the moors on every night since Heathcliff’s death. A shepherd boy has reported that his sheep would not move because they have perceived the presence of two phantoms. Its true that Nelly does not fully believe these stories and that Lockwood contradicts them in the closing sentences of the book: but for credulous readers these stories do not have a certain supernatural
Critics of spanking need to understand that spanking and abuse are not the same. Spanking is a quick squat on the buttock that causes temporary pain. Child abuse is physical injury such as beating, kicking, or punching a child with cruel intent. Psychiatrist William Glasser makes a distinction between the two. Glasser explains, “Discipline is directed at the objectionable behavior, and the child will accept its consequences without resentment.” By contrast, he defined punishment as, “A response that is directed at the individual” (qtd. in Dobson 96). Spanking allows room for forgiveness and reconciliation. Abuse comes from a place of hostility. It is harsh and leaves little room for forgiveness or reconciliation. Yes, spanking may cause brief discomfort, but it is not the same as beating, punching, or kicking a child.
Wuthering Heights is a novel which deviates from the standard of Victorian literature. The novels of the Victorian Era were often works of social criticism. They generally had a moral purpose and promoted ideals of love and brotherhood. Wuthering Heights is more of a Victorian Gothic novel; it contains passion, violence, and supernatural elements (Mitchell 119). The world of Wuthering Heights seems to be a world without morals. In Wuthering Heights, Brontë does not idealize love; she presents it realistically, with all its faults and merits. She shows that love is a powerful force which can be destructive or redemptive. Heathcliff has an all-consuming passion for Catherine. When she chooses to marry Edgar, his spurned love turns into a destructive force, motivating him to enact revenge and wreak misery. The power of Heathcliff’s destructive love is conquered by the influence of another kind of love. Young Cathy’s love for Hareton is a redemptive force. It is her love that brings an end to the reign of Heathcliff.
Heathcliff is the main character in Emily Brontë’s novel Wuthering Heights, and the entirety of the plot revolves around this disturbing man from the point when he arrives at Wuthering Heights as a dark and filthy foundling to when he dies as a powerful landlord of both Wuthering Heights and Thrushcross Grange. This evolution of the character and the fact that he is only described by three narrators and doesn’t make a clear statement of his own makes him one of the most fascinating and mysterious characters in literature.
The Estate Tax, known as the ‘death tax’ as well as the ‘anti-birth tax’, has been one of the most controversial parts of the United States tax code since its introduction in 1916 (Cagetti & De Nardi, 85). The estate tax is a tax imposed upon assets transferred at the time of the estate holder’s death. Those opposed have named it the “death tax” as they claim it hurts business activity as well as job creation. However, according to those in favor, the estate tax is an effective way to tax the richest few, and redistribute their wealth, thereby narrowing the gap of inequality. For those in favor, an abolition of the estate tax would impose a “birth tax” of sorts onto the majority of Americans who have not inherited a large sum of money (Cagetti & De Nardi, 87). The controversial estate tax in the United States is often questioned by many and has been challenged time and time again. However, more emphasis has typically been put on particular aspects of the tax code where points of dispute are found.
Wuthering Heights is filled with different examples of the Romantic Movements. Heathcliff is an exceptionally difficult character to analyze because he displays numerous altered personalities. This raises the question: which Romantic Movement was most common in Wuthering Heights? An analysis of Wuthering Heights reveals the most common Romantic Movement in the text: Romanticism. Romanticism is based upon the ideas of subjectivity, inspiration and the primacy of the individual. Various examples of these from the text are when Heathcliff has Catherine’s grave excavated, the repeated possibility of supernatural beings, and the love from the past that is seen from Heathcliff and Catherine.
...e supernatural. Towards the end however, it is unclear to the reader whether Heathcliff is dead or not. "But the country folks, if you ask them, would swear on the Bible that he walks..." suggests his ghost is present, yet prior to this, Brontë doesn't suggest that the villagers are superstitious, so there is a chance that these sightings were not real.
We all belong to the same world and all of us have the same responsibilities towards the world and its environment. This fact might be hard to digest, but if we continue to pollute the Earth at the current rate, all of the world’s ocean waters will become one-hundred-thirty percent acidic. This means that the ocean will be unable to sustain most of its marine life and only a few creatures will be able to survive in the water. A big population of people think that they do not or have few responsibilities towards the environment. People think that the governor of a country should take steps to help the environment. They leave it to scientists since they have the technology to prevent pollution, or that is what most people think. There are more responsibilities to the world each individual has than most of realize. The amount of negligence and ignorance of humans towards the Earth is taking a heavy toll.