This article, from USA Today(USA Today 7/21/10), argues against extending the 2001 and 2003 tax cuts set into place by president Bush and his administration. The author of this article seems to be directing his opinion toward the general public; not showing signs of bias toward conservative or liberal parties. He feels that the tax cuts set into action between 2001 and 2003 should be allowed to expire.
With the American economy falling and the country in a large amount of debt; the author believes that extending these tax cuts will be a waste of good tax dollars the government needs. Although many feel otherwise due to the shape of middle and lower class families in the post Bush economy; the artical offers ending the tax cuts for the upper class first, as a option. This would allow the government to receive better tax revenue until the economy levels out, and the middle and lower classes can better support themselves financially.
The author lays down a good argument that was successful in persuading this reader towards his point of view. The tax money that would be generated by the expiration of these taxes would help our government with its debt. Although citizens would feel the effects of a larger tax imposed on them; the plan, outlined by the author of this article, seems to be fruitful in putting off the tax increase for the economically unstable classes. This would give the lower classes time untill the taxes effect them. The effects of these bills expiring would help our country emerge from economic repression.
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