Willard Mitt Romney (born March 12, 1947) is an American businessman and politician who served as the 70th Governor of Massachusetts from 2003 to 2007. He was the Republican Party's nominee for President of the United States in the 2012 election. Raised in Bloomfield Hills, Michigan, by his parents Lenore and George W. Romney, Mitt Romney spent two and a half years in France as a Mormon missionary starting in 1966. He married Ann Davies in 1969, with whom he has had five children. By 1971, Romney had participated in the political campaigns of both his parents.
When Obama enter the White House he reached a high unemployment rate sparking from the 800 billion stimulus plan that was put in effect from George .W. Bush. Romney agrees but decided that lower taxes, less regulations, balanced budget, replace jobless benefits with unemployment savings accounts and proposed tougher financial industries in response to corporate scandals. Both Romney and Obama agree on the education laws of No child left behind however Romney thinks the federal government should have less control of what goes on in the educational system. The first presidential debate and both president Obama and Romney agreed that their corporate taxes are too high.
| | | | | * Question 3 0 out of 2 points | | | You recently sold 100 shares of your new company, XYZ Corporation, to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following statements best describes this transaction?Answer | | | | | | | Correct Answer: | This is an example of a direct transfer of capital. | | | | | * Question 4 0 out of 2 points | | | Which of the following could explain why a business might choose to operate as a corporation rather than as a sole proprietorship or a partnership?Answer | | | | | | | Correct Answer: | Corporate shareholders escape liability for the firm's debts, but this factor may be offset by the tax disadvantages of the corporate form of organization. | | | | | * Question 5 2 out of 2 points | | | Money markets are markets forAnswer | | | | | | | Correct Answer: | Short-term debt securities.
Lower reserve requirements will result in more funds being available to loan out. This should, in turn, increase the rate of economic growth. Conversely, a higher reserve requirement will reduce the availability of funds and should slow economic growth. In this case, we need to increase our rate of economic growth in response to the recession, so I choose to lower the reserve requirement. The reason I would make this choice is to stimulate lending to businesses, reduce unemployment and increase household income so that the economy could then recover naturally.
ECO/372 Learning Team Aggregate Demand and Supply Models The Keynesian economists would look at the current proposal of increasing taxes as a governmental expression of the intermediate approach to the economy. The government taking control and having the people pay the price for their higher tax bracket. These funds would be used to decrease the amount of money owed by the United States. The effects of the economy would be absorbed and educated responses would be to lessen those impacts. To increase their taxes would be appropriate and this would be stream lining taxes at a time when the economy needs a boost.
Would Herman Cain's 9-9-9 tax plan get you to vote for him? FROM CNN's Jack Cafferty: Republican presidential candidate Herman Cain is breathing down Mitt Romney's neck – and much of the attention he's getting is focused on his 9-9-9 tax plan. Cain talks about this plan, and how it would stimulate economic growth, a lot. Whether you agree or disagree with Cain's tax plan, there's no doubt it would simplify our complicated tax code. The 9-9-9 plan would get rid of almost all of the current taxes and replace them with: •A 9% flat federal individual income tax •– A 9% flat federal corporate tax •– And a new 9% national sales tax Not everyone is sold.
In Barack Obama’s re-election ad, “Won’t Say – Obama for America TV Ad,” the targeted audience is the middle class people. Obama is trying to get across the point that the Republican candidate Mitt Romney will, if elected, raise taxes on the average middle class family in order to get tax breaks for the rich. The campaign ad for President Barack Obama, “Won’t Say – Obama for America TV Ad,” presents a visual and textual argument with the strategies of pathos, logos, and ethos to show to the middle class people that Mitt Romney will raise their taxes in order to cut taxes for the rich, like himself. But Romney is not saying exactly what he will do to the middle class people. The argument of Obama’s ad is slightly effective after further research; Romney’s plans are not necessarily to raise taxes on the middle class, but at the same time, he will lower the tax rates for the higher class.
• What did Ronald Regan’s economic policies consist of? President Regan’s ideas were to stick to his economic program. Regan wanted taxes cut and deregulation; this ignited a boom that restored U.S. confidence. • What were the Principles of the New Right? Ronald Reagan recognized the opportunity to build a Republican majority.
He retired in 2008, but returned to the ring in September 2009. CONTENTS Synopsis Early Years Boxing Success Personal Problems Recent Years Early Years Widely considered the greatest boxer of his era, Floyd Mayweather Jr. was born February 24, 1977, in Grand Rapids, Michigan. Boxing is in his blood. His father, Floyd Sr., was a welterweight contender, and his uncle Jeff Mayweather is a former IBO super featherweight champion.
He also asked the congress for cash-strapped local governments to hire more teachers and firemen. This affected American teachers and firemen because they had better opportunities to pursue their careers. In March 2010 President Obama created a National health care reform system for uninsured Americans. This system allows them to buy into health care plans with added subsidies and tax incentives but it also prevents the insurance companies from denying coverage. Economist believes that this system will do nothing to control cost but the budget office believes the bill will reduce the cost over a ten-year period.