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The US economy has slowdown in growth because of continuous inflation, and inaccurate adjustment to wages. Even though prices have increased on goods and services, real wage has not increased accordingly. Therefore, employees make less and less money, because their salaries are not adjusted to cope with inflation. This relatively represents itself in the unemployment rates in the last 74 years. It is clear that there is not a steady decrease of unemployment, but an upward slope. High interest rates have also impacted the economy. If the government were to reduce taxes, and increase government spending and investment, consumers would have more spending power, and more opportunities would be created to increase the economy. OECD shares the impact of taxes on consumers and businesses "But taxes also affect the decisions of households to save, supply labour and invest in human capital, the decisions of firms to produce, create jobs, invest and innovate, as well as the choice of savings channels and assets by investors.". Taxes impact a country at every level, and in very single decision, whether it's conscious or not.