Last Updated on November 12, 2022 by Lily Connel
The New Deal was responsible for some powerful and significant accomplishments. It put people back to work. It saved capitalism. It restored faith in the American economic system, while at the same time it is reviving a sense of hope in the American people. On the other hand, The reforms of the Civil Rights Act did not immediately benefit African Americans. It took a long time for these changes to have an effect.
Pros and Cons Of The New Deal – The Table Comparison Table
| Serial | Pros Of The New Deal | Cons Of The New Deal |
| 1. | The new deal will include a compromise on environmental policy. It will increase taxes on gasoline and diesel fuel by two cents per gallon, which is less than what some have proposed but more than what others have suggested. | The New Deal series promoted overspending. |
| 2. | The new deal sanction more Money For The Military | During the Roosevelt era, unions were a lot more powerful. They demanded higher pay from companies, which often had to comply because of the power of unions. |
| 3.. | The new deal will reduce the number of health insurance companies from 10,000 to 5,000. | More taxes pay to encourage The New deal. |
| 4. | More Money For Education sanction in New deal. | If we don’t get a deal, there will be less cash to pay off debt. |
| 5. | New Deal helps to create Small Businesses | During this time, many people thought that the New Deal was against American values. |
| 6. | The New Deal is a new way of thinking about agriculture. | The Supreme Court agreed that the New Deal was not constitutional. |
| 7. | The New Deal stabilised Higher Tariffs on Imported Goods | The New Deal is also going to encourage more debt. |
| 8. | In New Deal, Lower Taxes On The Middle-Class people. | During the Roosevelt era, unions were a lot more powerful. They demanded higher pay from companies, which often had to comply because of the power of unions. That created a conflict between employers and unions. |
Pros Of The New Deal:
1) Compromise On Health Care Reform
The new deal will include a compromise on health care reform by reducing the number of health insurance companies from 10,000 to 5,000. This will provide more competition for those who want to buy health insurance and will reduce the cost of healthcare for all Americans.
2) Strong Environmental Policy
The new deal will include a compromise on environmental policy by increasing taxes on gasoline and diesel fuel by 2 cents per gallon, which is less than what some have proposed but more than what others have suggested.
3) More Money For The Military
The new deal will include a compromise on military spending by providing $100 billion more in defence spending next year than what was asked for in the original budget. This provides a short-term boost to our economy, but it is not clear that this is the best way to spend money on the military.
4) More Money For Education
The new deal will include a compromise on education policy by providing $15 billion per year in federal funding for each of the next five years. This will provide more money for public schools and colleges and will allow them to expand their programs, which may be good for our economy as a whole.
5) New Deal For Small Businesses
The new deal will include a compromise on small business policy by allowing businesses to deduct the full cost of health insurance from their federal taxes. This was not included in the original plan, and it will provide a boost to small businesses.
6) More Money For Agriculture
The new deal will include a compromise on agriculture policy by allowing farmers to deduct 100% of their crop-related expenses from their federal taxes, which is higher than what was asked for in the original plan but lower than what others have suggested.
7) Higher Tariffs On Imported Goods
The new deal will include a compromise on trade policy by raising tariffs on imported goods by 20%, which is higher than what was asked for in the original plan but lower than what others have suggested.
8) Lower Taxes On The Middle Class
The new deal will include a compromise on tax policy by lowering taxes for those earning less than $200,000 per year by 2%. This will provide a boost to the economy, but it is not clear that this is the best way to spend money on tax policy.
Cons Of The New Deal:
1) Money Wasting
The New Deal series encourage overspending. For this reason, the New Deal is a bad idea.
2) More Debt
By spending more money on the military, money is being wasted and it will be harder to pay off the debt.
The New Deal also encourages more debt. For example, if there was not a New Deal, then there would have been no World War II. This is because it would have been harder to get money for the war and that would have meant fewer taxes and less debt. In this way, the New Deal increases the amount of debt that we need to pay off to live our lives as normal people without worrying about paying our debts. If we had not had a New Deal, then by now we would probably be living in poverty and would not be able to afford to take care of things like public schools, which would have prevented the depression from happening.
3) More Taxes
By spending more money on things like public schools and colleges, there will be more taxes needed to pay for these items.
The New Deal also encourages more taxes. For example, if there was not a New Deal, then there would have been no World War II. This is because it would have been harder to get money for the war and that would have meant fewer taxes and less debt. In this way, the New Deal increases the amount of taxes that we need to pay off to live our lives as normal people without worrying about paying our debts. If we had not had a New Deal, then by now we would probably be living in poverty and would not be able to afford to take care of things like public schools, which would have prevented the depression from happening.
4) Not Able To Pay Off Debt
If we do not have a New Deal, then there will be less money to pay off debt. For example, if there was not a New Deal, then there would have been no World War II. This is because it would have been harder to get money for the war and that would have meant fewer taxes and less debt. In this way, the New Deal increases the amount of debt that we need to pay off to live our lives as normal people without worrying about paying our debts. If we had not had a New Deal, then by now we would probably be living in poverty and would not be able to afford to take care of things like public schools, which would have prevented the depression from happening.
What Is The New Deal?
The new deal will include a commitment by Congress to increase the national debt ceiling by $100 billion over two years. The debt ceiling has been raised three times since 2008, with no apparent effect on our economic crisis. The money that is being borrowed will be spent on social programs which have been cut back in recent years and which do not appear to have any positive effect on our economy or society as a whole.
The new deal will include a compromise on the Dream Act. The Dream Act provides for the legalization of illegal immigrants who have been in the U.S. for at least five years and are under 30 years old. The bill will provide a path to citizenship for these young people and will provide them with visas to work in the U.S., but only if they agree to stay here, not go back home, and do not apply for citizenship while they are still here illegally. This is an acceptable compromise between those who want to legalize all illegal immigrants, those who want to legalize only a few of them, and those who want no legalization at all.
The new deal will include a compromise on tax policy about capital gains and dividends. The compromise is to raise the top rate on these earnings to 39.6%, which is higher than the current rate of 35% but lower than what some have proposed.
Conclusion:
The New Deal increases the amount of taxes needed to pay off debt and to live our lives as normal people without worrying about paying our debts. If we had not had a New Deal, then by now we would probably be living in poverty and would not be able to afford to take care of things like public schools, which would have prevented the depression from happening.
