ECO 202 Final Project Final.pptx - 2000s A New Millennium...

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ECO 2022000s A New MillenniumJames SmithECO 202Dr. Janet Hunter
ECO 2022000 – 2009 U.S. Economic History Overview
ECO 202GDP 2000sGrowth Rate = 18.2%
ECO 202Unemployment Rates 2000s
ECO 202Inflation Rates 2000s
ECO 202Interest Rates
ECO 202Foreign Trade: 2000Trade Summary for 2000
ECO 202Foreign Trade: 2009Trade Summary for 2009
ECO 202Fiscal Policy of the 90sAs the 1990s were coming to an end, Congress and President Clinton signed the Taxpayer Relief Act of 1997 into law. Some highlights of this act were:Introduction of $500 child creditEducation tax creditEstate and gift tax reductionsCapital Gains rate reductionsCreation of ROTH IRAsAlternative minimum tax reductions
ECO 202Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) (Bush Tax Cuts)Just three years after the largest tax policy in United States history, the country was facing its first recession of the new millennium. The country faced the end of the dot-com boom, 9/11 terror attacks on the world trade center, and accounting scandals such as Enron and WorldCom.
ECO 202Fiscal Policy ImpactEconomic Growth and Tax Relief Reconciliation ActEstimated cost of the tax cuts added $5.6 trillion dollars to the national deficit between 2001 – 2018.

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