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Abstract: The Obama Administration’s $862 billion stimulus bill was an expensive failure that increased the federal deficit, contributed to America’s deteriorating fiscal health, and failed to reduce unemployment. Instead of repeating this mistake, Congress should alleviate business fears and economic uncertainty by maintaining the current tax policy (extending the 2001 and 2003 tax rates) and freezing costly new regulations.

United statesSouth koreaEnvironmental protection agencyDistrict of columbiaJohnl ligonBarack obamaKarena campbellEric cantorNational incomeAmerican petroleum instituteMembers of congressGlobal insightUs international trade commissionReform the national environmental policyDomestic energy developmentImplementation of energy permit