Congress,as covered by top federal news outlets,has recently made waves with a flurry of legislative accomplishments. The Tax Cuts and Jobs Act of 2017 was the crowning achievement of the Trump Administration,delivering tax cuts to individuals and businesses across America – reducing the corporate rate from 35% to 21%. This monumental change resulted in an upsurge in after-tax corporate profits that reverberated through the nation’s economy.
Other landmark laws passed by Congress include: The Bipartisan Budget Act of 2018 which overhauled budget procedures and upped spending levels; Supporting Our Veterans Act 2019,providing veterans with medical care and other services; plus,Great American Outdoors Act 2020 creating permanent funding for national public lands and waters restoration. All these acts demonstrate Congress’ commitment to tackling pressing issues in our country today.
Analysis of Major Changes to Federal Regulations
Recent federal regulations have made a considerable impact on various areas. Of particular note is the Dodd-Frank Act,which has had a tremendous effect on financial industry regulations by imposing stringent controls in areas such as lending,banking,and capital reserves. The act also attempts to reduce systemic risk in the finance sector by enhancing corporate transparency and curtailing executive compensation. Moreover,it includes safeguards for consumers like requiring lenders to explain fees and charges clearly.
The Affordable Care Act is another key change that has been implemented through recent legislation. It tries to tackle health care accessibility by introducing subsidies to help individuals and families pay for health insurance; expanding Medicaid coverage; increasing minimum standards in insurance plans; prohibiting insurers from refusing coverage due pre-existing conditions; and necessitating policies cover preventative care up to age 26 of dependents.
Examining the Impact of Executive Orders on Federal Policy
he awe-inspiring might of executive orders is undeniable. With a single stroke,presidents can alter the course of governmental action—and thus,America’s future. Binding and lawful,they enable leaders to put forth policies without approval from Congress—with rippling consequences for citizens across the country. President Obama utilized such edicts to modify immigration law; meanwhile,President Trump has used them to effect changes in voting rights,the environment and immigrants’ status.
But executive orders don’t just affect existing regulations; they may also amend or repeal them altogether. They are even capable of annulling whole federal organizations! An example? The Deferred Action for Childhood Arrivals (DACA) order issued by Obama during his first days as president protected undocumented minors residing within US borders–until it was overturned in 2017 by the Trump administration–a decision which now awaits judgment at Supreme Court level with potentially drastic implications affecting millions worldwide. Therefore,it’s imperative that we recognize and appreciate the impactful force behind presidential directives!
Breaking Down the Current State of Federal Budgets
The federal budget is a confounding enigma,with allocations rising at an accelerated rate over the past few decades. Defense,healthcare and education are among the most heavily funded sectors while discretionary spending has decreased as a percentage of total expenditure. Despite this,entitlements and debt interest payments have become significant portions of the overall budget – making it increasingly difficult for legislators to accurately allocate resources.
In addition to this complexity,economic growth remains stagnant while debt levels continue to climb – creating political discord between Congress and The White House that only further adds to budgetary confusion. Now more than ever it’s uncertain what shape future budgets will take; whether partisan differences can be resolved in order to devise an effective plan remains unknown.
