Tax Cuts &Amp; Spending

TAX CUTS AND SPENDING The 2008 presidential election will formerly again senior high schoollight the differences in the appraiseing insurance policy in the midst of the parliamentary and republican parties. The presidential election is important to Seminole county because the musical note of manners of the counties citizens depends on the funding of local programs. The Republican fellowship has followed the communicate side economic policy since Ronald Reagans brass section where they bank that levy cuts for the top 1% of Americans will conjure up the providence. The scheme being that those receiving the measure cuts would reinvest in the United States economy. These tax cuts in conjunction with reduced spending would lead to a equilib respect bud flap. Unfortunately this theory failed miserably. Those Americans who knowd the tax cuts did not reinvest in the economy as planned and modification magnitude spending primarily for the military caused the deficit to gain to everywhere $200 billion dollars. The supply sides republican report to plump for tax cuts for the rich because they believe that the rich give way more(prenominal) taxes. The reality is the rich are paying a high manage of the tax burden because they are earning a higher(prenominal) share of the national income.

The Democratic Partys policy of tax and spend is not the function barely its strain on improving the quality of life for the place kinsfolk is preferred. The position for tax cuts for the rich doesnt hold water strategy when you compare the geological period from 1947 to 1967 wh en the democrats controlled congress. During! this period the US economy grew at an average rate of 4% per year. The tax rate during this period of sustained growth was at 91%. over again the classless policy of tax and spend is not the answer but the focus on improving the quality of life for the middle class will help our country continue to be the envy of the world. In 2001 President George Bush sign into justness tax cuts for the top 1% of Americans. The story line was that the richest Americans would receive the largest dollar benefit from Bushs...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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