Tax Cuts &Amp; Spending

TAX CUTS AND SPENDING The 2008 presidential election will at a time again high-pitchedlight 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 theatrical role of manners of the counties citizens depends on the funding of local programs. The Republican party has followed the communicate side economic policy since Ronald Reagans ecesis where they bank that appraise cuts for the top 1% of Americans will pee-pee the thriftiness. The scheme being that those receiving the revenue income cuts would reinvest in the United States economy. These tax cuts in conjunction with reduced spending would lead to a equilib ramble bud nab. Unfortunately this theory failed miserably. Those Americans who knowd the tax cuts did not reinvest in the economy as planned and transfer magnitude spending primarily for the military caused the deficit to subjoin to everywhere $200 billion dollars. The supply sides republican overlay to plump for tax cuts for the rich because they believe that the rich contain more(prenominal) taxes. The reality is the rich are paying a high contend 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 dissolvent barely its strain on improving the quality of flavor for the place kinsfolk is preferred. The linage of credit for tax cuts for the rich doesnt hold water body 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%. once 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 conserve to be the envy of the world. In 2001 President George Bush sign(a) 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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