Part OneResearch Fiscal Policy

Research the following legislation, focusing on what the legislation did, whether it was expansionary or contractionary, and how it affected the national budget. Be sure to keep track of the sources you used; you'll need to cite them in yourassignment.

• Economic Growth and Tax Relief Reconciliation Act of 2001
• Omnibus Budget Reconciliation Act of 1993

Economic Growth and Tax Relief Reconciliation Act of 2001:

Omnibus Budget Reconciliation Act of 1993:

What they did

Made significant changes to retirement plan rules and overall tax rates

gives workers and their families who lose their health benefits the right to choose to continue group health benefits

Expansionary or contractionary

Expansionary

contractionary

How they affected national budget

EGTRRA would raise interest payments by $383 billion through 2011

Part TwoAnalyze Your Research

Now that you have the background, analyze and compare the legislative acts. Your analysis should address:

• the economic environment during the time the policies were enacted
• whether they are expansionary or contractionary and the factors that led you to this conclusion
• how they affected the national budget
• how the legislative acts are similar or different

https://www.investopedia.com/

https://www.dol.gov/