HB+28

Bill #HB 28

__Sponsors__-DCHEN(I-California) CMACDONALD(I-Texas) BRODGERS(I-Michigan)

__Topic__- Economy

__Title__- __**Enlarging the Economy**__

__Purpose__-The purpose of our bill is to create more American jobs, lower taxes, improve trade, and lower gas prices. All of these things will help grow our economy. Right now we are facing a terrible economic recession. By creating more jobs, lowering taxes, improving trade, and lowering gas prices we may help give our economy a jumpstart. Lower taxes will enable employers to invest in finding more employees and therefore providing more jobs. Improving trade with other countries will help states that depend on trade like California. California currently has a budget deficiency and improving trade would help her. Also, by drilling more in the U.S we may be able to lower gas prices that almost everybody depends on.

__Elegibility__- The middle,lower classes, and Entrepeneurs will receive tax help. Therefore, Entrepeneurs will be able to invest more of their money in employees and pay raises. This will then in the future help the unemployed and citizens. Also, lowering gas prices will be able to help companies that rely heavily on gas for things like transportation. This will also help the average american citizen.

__Terms and Benifits__- Government will drill in the U.S for gas in order to reduce gas prices to about 1.50 dollars per gallon for around 50 years or more. Also, higher class citizens should be taxed more in order to give middle class a tax cut of 1,500 dollars for just 5 years. Government should also put a 10 percent higher tariff on imports for around 10 years. Tariff amounts may vary depending upon products.

Fiscal Impact- __**Category-Cost- Description**__ Equipment -1m- --Drilling equipment and other things needed to drill for oil

Labor 3.5m-For 100 workers that are payed 35,000 dollars a year.

Energy Resources-- 200,000$ -For 100,000 gallons of gas. (2 dollars per gallon)

Education- 350,000$-- To teach laborers how to use equipment. 35,000 per year for 10 teachers

Transportation--- 2m$ -For around 10 or more trucks.

Total Cost- 7,050,000$