Results so far:
| Yes | 78% | 251 votes | Total: 321 votes | |
| No | 22% | 70 votes |
This is economics 101. If you give a monkey a banana he will eat it. If you give a consumer more money to spend they will spend it not because they feel obligated to but because they are consumers and they want more. By giving middle class Americans tax breaks they will have more money to spend on clothing, homes, vacations, cars, boats, and anything that costs money. Now every time they spend money on these items they are taxed by the state and local governments. The money that isn't taxed goes into the store owners pocket, and he in turn pays his employees who are typically low income Americans. If business is good the owner may hire more help or give raises to his current employees for doing a good job. When he pays them the money is taxed again thus the federal government gets back some of what they gave out. Also the corporation that manufactured the product has to pay corporate taxes and the federal government collects taxes again. The money that the corporation, owner, and employee now have will also be spent and thus the cycle continues. By injecting more money into the economy it will grow and thus the federal government will increase their revenue and thus have more money then when they started.
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Below are the top articles rated and ranked by Helium members on:
by Chase Barney
Yes. The problem has nothing to do with how much taxes are levied on our people, but how much spending our government does
Yes, the tax on the middle class should be reduced. The poor can't afford the taxes, and the rich have ways of getting out
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