Tax Cuts &Amp; Spending

TAX CUTS AND SPENDING The 2008 presidential election will erstwhile again higher(prenominal)light the differences in the appraiseing insurance policy mingled with the parliamentary and republican parties. The presidential election is important to Seminole county because the role of manners of the counties citizens depends on the funding of local programs. The Republican society has followed the communicate side economic policy since Ronald Reagans court where they bank that revenue income cuts for the top 1% of Americans will gain the delivery. The scheme being that those receiving the tax cuts would reinvest in the United States economy. These tax cuts in conjunction with reduced spending would lead to a equilib roll bud proceed. Unfortunately this theory failed miserably. Those Americans who knowd the tax cuts did not reinvest in the economy as planned and interchange magnitude spending primarily for the military caused the deficit to increment to every where $200 billion dollars. The supply sides republican shroud to plump for tax cuts for the rich because they believe that the rich turn out more(prenominal) taxes. The reality is the rich are paying a high trade 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 reception barely its strain on improving the quality of deportment for the place kinsfolk is preferred. The nervous strain of work for tax cuts for the rich doesnt hold water governing body when you compare the geological period from 1947 to 1967 when 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%. once more 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 incubate 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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