MACRO SLP 4- Fiscal Policy Government Expenditures and Revenues,

MACRO SLP 4- Fiscal Policy Government Expenditures and Revenues, MACRO SLP 4- Fiscal Policy: Government Expenditures and Revenues, Budget, National Debt â€" Essay Example > Fiscal Policy Fiscal Policy In most cases, changes in fiscal policy by governments’ precipitate economic crisis thus bringing disruption to many organizations (Squires, 2012). Considerably, lobbying remain crucial in passing information to the congress and federal government on issues pertaining companies and interested groups as they formulate fiscal and monetary policies. More so, issues of exercise tax on medical devices and government spending on education remain essential to the Medtronic. More significantly, Medtronic plays  an essential  in the health care of the American people as it deals with medical technology by being innovative on how to treat chronic diseases. As a result, interested parties lobby the government on how they legislate and formulate the budget for each financial year. Consequently, it is essential for the federal governments’ to analyze the issues that affect the health sector while formulating fiscal policy. More than often, federal government spe nding on education is essential for the country’s population. Additionally, the spending on education consists of both the current and capital expenditure (Van de Water, 2012). As a result, Medtronic deal with the medical technology that requires them to have skilled human resources to carry out research and development in the organization. More so, federal government should deal with increasing their spending on current education by providing sufficient funds to institutions that train the medical technologists. In addition, government should spend on capital expenditure such as building infrastructure for learning to include scientific research institutes. As a result, training becomes more intensive, and medical students are able to acquire necessary skills. More so, increase of research and development funds in order to facilitate innovation bolsters Medtronic specialists dealing with medical technology because it will not outsource the staff from outside the country. More so , government spending regulation on health care remains paramount in how health organizations work, as increase in spending on health care system by the government brings the development of drugs and medical technologies leading to breakthrough products, innovation hubs, and new markets (Squires, 2012). Significantly, the organization dealing with development of medical technologies are affected by an increase in government spending on health care as it will have a direct impact on the development of cheaper and affordable medical equipment by the organization. Considerably, the health care spending at the country has outpaced GDP growth for the past several decades thus, government should continue with this trend, as it will reduce the cost incurred in medical devices leading to increased purchase of the medical equipments at a cheaper and affordable cost. Noticeably, the Affordable Care Act has imposed an excise tax of 2.3 percent by manufacturers of medical device starting in 2 013 (Van de Water, 2012). More so, manufacturers of medical devices will have to pay the excise duty resulting in increasing the cost of medical devices produced by the companies in 2013. Significantly, the federal government should request the congress to repeal the law because it increases the cost of medical devices and medical care of patients. Additionally, the increase in costs of the medical device will make the company manufacture the devices offshore leading to reduction of companies’ workforce in the country. Significantly, the government should repeal the excise tax impose subsequently to reduce the costs of medical device produce by the company and making it affordable. Considerably, lobbying is indispensable in articulating for issues on matter pertaining organizations to the government and the senate. Therefore, lobbying is essential for the company to articulate on issues pertaining excise tax, spending in health care and education. More so, lobbying provide a plat form for the organization to petition the government to consider certain issues when formulating laws and the budget thus, lobbying will benefit both medical companies and the public. In conclusion, lobbying is essential in the articulating of issues affecting the companies and the public. More so, there should be continuous monitor the fiscal policies of the government that affect the medical sector. In addition, the policies should articulate on issues that remain beneficial to medical related companies and the public. Significantly, lobbying should be done based on ethical grounds and in accordance to the set rules and procedures. As a result, Medtronic should lobby the government on issues of excise taxes, spending in education and health care in the United States of America to work efficiently in the provision of medical devices. Reference Squires, D. (2012). Explaining High Health Care Spending in the United States: An International Comparison of Supply, Utilization, Prices, and Quality. Issues in International Health Policy. 27(7). Van de Water, P. (2012). Excise Tax on Medical Devices Should Not Be Repealed Industry Lobbyists Distort, Overstate Tax’s Impact, center budget and policies priorities.