Fiscal Policy: Government Expenditures and Revenues, Budget, National Debt

[Name of the Professor]

Fiscal Policy: Government Expenditures and Revenues, Budget, National Debt

Introduction

As a lobbyist my ultimate aim would be to promote the implementation of those fiscal and monetary policies that would serve the interest of my organization. My organization is involved in the production & marketing of sports goods & apparels. For my organization to succeed and progress smoothly in the long run I would have to work really hard as lobbyist exerting my influence over the congress to ensure that those policies & initiatives are implemented which brings a positive impact for my sports goods manufacturing company. As a lobbyist I would be using both the government tools of fiscal and monetary policy to work for my company's advantage. There were around 14,800 lobbyist in US for the year ended 2008(Reuters, 2009).

Discussion

Fiscal Policy

Increasing Government Expenditure on Sports

Fiscal policy is the change in the level of government taxation and expenditure to positively impact the economy. The first thing that I would be lobbying about is to raise the government expenditure on promoting sports at the grass root and at national levels. This would be made possible through increasing the government expenditure on sports thereby encouraging the setting up of sports stadiums, training facilities and improving the sports infrastructure in all the states and all the major cities. Through the efforts of my lobbying my main priority is to encourage the state to promote sports in schools and colleges. When children would indulge in sports from the primary level the sports industry would be improved to a great extent thus greater demand for my company's goods and services would be created. I would also strongly envy for making sports a part of their curriculum, this would encourage the sports manufacturing industry (The World Bank, 2007).

Reducing GST for Sports Manufactured Goods

The second most important thing that I will try to achieve is to reduce the GST on the sports manufactured goods. This will create a positive spiral for my company's goods and apparels. When the taxation for my firms goods will decline due to my strong lobbying affect, this would mean that our company's goods will become more competitive and attractive for the customers. This will raise the demand considerably which would lead to higher turnover and profitability for our business. I would strongly lobby for the government to encourage expenditure for the ...