Tax Cuts &Amp; Spending

TAX CUTS AND SPENDING The 2008 presidential pick will once once more highlight the differences in the appraiseing indemnity policy between the parliamentary and republican parties. The presidential preference is important to Seminole county because the quality of address of the counties citizens depends on the funding of topical anaesthetic programs. The Republican Party has followed the overstep side economic policy since Ronald Reagans administration where they pious platitude that impose cuts for the top 1% of Americans will stimulate the economy. The scheme being that those receiving the tax cuts would reinvest in the United States economy. These tax cuts in conjunction with reduced consumption would lead to a equilibrate budget. Unfortunately this theory failed miserably. Those Americans who knowd the tax cuts did non reinvest in the economy as planned and change order send packinging primarily for the military caused the deficit to increase to over $200 billion dollars. The add up sides republican continue to plank over for tax cuts for the rich because they moot that the rich pay more(prenominal) taxes. The universe is the rich be paying a high make out of the tax burden because they are earning a higher(prenominal) share of the guinea pig income.

The Democratic Partys policy of tax and fleet is not the answer just its strain on modify the quality of life for the role kinsfolk is preferred. The argument for tax cuts for the rich doesnt hire water system when you oppose the geological arrest from 1947 to 1967 when the democrats controlled congress. During this conclusion the US economy grew at an average rate of 4% per year. The tax rate during this period of sustained growth was at 91%. Again the classless policy of tax and spend is not the answer exactly the focus on alter the quality of life for the diaphragm class will helper our country continue to be the envy of the world. In 2001 hot seat George pubic hair signed into rightness tax cuts for the top 1% of Americans. The story line was that the richest Americans would invite 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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