The issue here is should Congress pass the Senate's Tax Plan? Bush's tax cut that only applied to those making under $250,000 instead of all Americans. I honestly believe that congress should pass this plan. Obama and the Democrats are completely right in saying that the rich should "pay their fair share." The rich are wealthy enough to survive financially without any tax cuts, I mean that's why they're rich right?
Other arguments of this article from people like William Gale think that Congress shouldn't pass the tax plan because he feels that The Senate's plan doesn't go far enough in the short or long term. I somewhat agree, due to the fact that the plan was only to be extend to the end of the year. But in a way I look at this plan as a little something just to help the lower and middle income Americans get back up on their feet and start next year fresh. Let the plan continue.
Republicans like to argue the fact and say that right now our economy is too fragile to support the tax cut. They also mention that in supporting this tax plan, it will hurt small businesses and prevent job availability. In some ways if this tax plan was long term I could see that happening, but since this isn't long term I think Congress should pass this plan.
Question to You Guys :
Do you think Congress should pass this plan to extend the tax cuts for lower & middle income Americans? If they do or don't, how will this effect our economy ?
SOURCE : http://www.usnews.com/debate-club