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At first, they were looking at individuals getting a “tax rebate” of $800 and couples getting $1600. With a package total of no more than $150 Billion dollars, or about 1% of the Gross Domestic Product of the United States.”’ Unless Congress acts, the American people will face massive tax increases in less than three years,’ Bush said Friday. ‘This tax increase would put jobs and economic growth at risk. And Congress has a responsibility to keep that from happening.’” according to John Schoen from the MSNBC website. This was the second time during the Bush administration that we have had a recession...
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Common topics in this essay:
- Market Economy Vs Command Economy
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- Command Economy Vs Free Market Economy
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