Search results
Results from the WOW.Com Content Network
Collectively, the Bush tax cuts reduced federal individual tax rates to their lowest level since World War II, and government revenue as a share of gross domestic product declined from 20.9% in 2000 to 16.3% in 2004. [10] A 2012 Congressional Budget Office analysis found that the tax cut reduced federal tax receipts by $1.2 trillion over ten ...
Categorical grants increase the ability of the federal government to influence policy at the state and local levels. The founding fathers, particularly the antifederalists, were skeptical of the power of the national government, and so the Constitution does not afford the federal government many tools to steer policy at the state and local ...
The Department of Education is responsible for carrying out the federal education policy of the United States. The earliest federal education policy involved the establishment of schools in federally controlled territory in the 18th century. [21] By the mid-20th century, the federal government had begun providing federal funding for schools. [23]
The Specie Payment Resumption Act of January 14, 1875 was a law in the United States that restored the nation to the gold standard through the redemption of previously unbacked United States Notes [1] and reversed inflationary government policies promoted directly after the American Civil War.
The challenges with catch-up contributions. Considering the EPI research shows those between 55 and 64 tend to have around $10,000 set aside in retirement funds, super catch-up contributions could ...
During the 1970s, the national government promoted education, mental health, and environmental programs by implementing grant projects at a state and local level; the grants were so common that the federal assistance for these programs made up over a quarter of state and local budgets. [5]
The Taxing and Spending Clause [1] (which contains provisions known as the General Welfare Clause [2] and the Uniformity Clause [3]), Article I, Section 8, Clause 1 of the United States Constitution, grants the federal government of the United States its power of taxation. While authorizing Congress to levy taxes, this clause permits the ...
Since the federal government began calculating the economic impact of the RFA in 1998, the law is estimated to have saved small entities (and the US economy as a whole) more than $200 billion [1] without undermining the broad purposes of the regulations it affects. More than 40 US states, as well as a number of other nations, have adopted ...