ABSTRACT

Economy provides an especially dramatic example of that conflict as it reduces the large gap between the rich and the poor in the United States and simultaneously improves the dismal performance of the American economy. Surprisingly the Justice Department attempts to link tougher, antitrust enforcement with the government's effort to improve the poor performance of the American economy. This chapter identifies new governmental barriers to investment and economic growth. To start with the most obvious, reducing the tax burden on the top income group would expand the amount of saving available to finance investment and economic growth. In June 2009, President Barack Obama submitted to the Congress what was described as the most ambitious overhaul and expansion of financial regulation since the New Deal of the 1930s. Among the Administration's tax proposals, a variety of specific provisions will increase the paperwork burden on businesses.