argument against allowing tax cuts to expire for wealthy: decreases consumer spending, reduces growth, hurts small businesses which are the backbone of economy, reduces hiring.
argument for letting tax cuts expire for wealthy: little effect to small businesses, moderate tax increase to the wealthy but not enough to effect their spending, reduces deficit
I think that tax cuts should expire for the wealthy and be replaced by a much smaller tax cut. I think this because this saves money and will have less impact on spending and hiring than letting. tax cuts expire completely.
argument for letting tax cuts expire for wealthy: little effect to small businesses, moderate tax increase to the wealthy but not enough to effect their spending, reduces deficit
I think that tax cuts should expire for the wealthy and be replaced by a much smaller tax cut. I think this because this saves money and will have less impact on spending and hiring than letting. tax cuts expire completely.
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