Economics: long-term economic growth
One type of government policy that could promote long-term economic growth deals with allowing people to make untaxed contributions to their IIAs (Individual Investment Accounts). By permitted untaxed deposits and only taxing the funds when they are withdrawn, it helps promote economic growth for the future because additional taxes will be collected in the future. Also, the money that is deposited will increase and the amount withdrawn will be higher, therefore more taxes will be collected as a result.
Another government policy that has the capacity to stimulate economic growth would be to promote trade. Increase in trading helps boost not only employment, but also the financial income to the physical domain (i.e. city, county, state, country). Free trade helps stimulate the income by encouraging trade between the US and other countries. This enables money from overseas to come into the US, thus raising the GDP.
References:
Collinge, Robert A. & Ronald M. Ayers. Economics By Design: Survey & Issues, 3rd Ed.
New Jersey: Pearson Prentice Hall, 2004.
Lambro, D. (1994). Will Congress reverse Tax Code's anti-savings bias?. Human
Events, 50(15), 8. Retrieved from Academic Search Elite database.
World Trade Organization. “Trade Stimulates Economic Growth, and That Can Be Good
News for Employment.” The 10 Benefits: 7. Growth and jobs. Internet:
