The Impact of Capitalism and Taxation Policies on US Economic Stability during Barack Obama Presidency (2009_2017)

Abstract

This research paper examines how taxes and capitalism impacted the stability of the US economy between 2009 and 2017, the year Barack Obama took office and the global financial crisis of 2007–2008 was still extremely recent in people’s minds. It explores the specifics of the Great Recession, the resulting financial challenges, and the legislative measures taken by the Obama administration to address these issues, including the Small Business Jobs Act and the Dodd-Frank Act. In order to comprehend the two systems of capitalism and taxes, the study uses a mixed-methods approach, analyzing quantitative data such as GDP growth and unemployment rates combined with qualitative data such as thematic and economic analysis. The study evaluates Obama’s policies’ capacity to promote stability and economic recovery. In order to assess the wider effects of legislative actions on the financial system, important economic indicators are closely examined. The results acknowledge varying opinions regarding the effectiveness and consequences of Obama’s programs, but they also show how important these policies were in reducing the effects of the recession and fostering economic resilience. This study adds to the larger conversation about successful policy and economic management during economic downturns