Policies and measures to promote employment in the United States

Date:2021-08-25,View:214,
We will increase the budget, issue more treasury bonds, and adopt an expansionary fiscal policy to promote employment. First, implement an expansionary fiscal policy. Including tax reduction and exemption, increasing public investment and other measures, the U.S. government reduced personal income tax by about $120 billion after the crisis, and provided tax incentives of about $50 billion to enterprises. Second, implement the employment package. In February 2009, Obama officially signed an economic stimulus package totalling US $787 billion, including tax cuts for individuals and enterprises, investment in health care and alternative energy, investment in infrastructure projects, investment in new energy and energy conservation, etc. Third, implement the Employment Promotion Act and the unemployment assistance act. In 2010, the federal government provided tax incentives to employers who hired new employees and took measures to improve the financing of small and medium-sized enterprises. The Senate of Congress passed an unemployment assistance bill with a total amount of US $149 billion to extend unemployment insurance and medical insurance for the unemployed. Fourth, carry out the national export plan. Establish an export promotion cabinet composed of cabinet members such as the State Council and the Ministry of finance, as well as the director of the small enterprise administration and the president of relevant banks to provide government assistance and business support for the export of export enterprises (especially small and medium-sized enterprises and service industries) and increase export credit( Anonymous)