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With a huge federal deficit to consider, should taxes on the middle class be reduced?

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:

With a huge federal deficit to consider, should taxes on the middle class be reduced?

Yes
  • 1 of 34

    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

    read more

  • 2 of 34

    by Quill of the Night

    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

    read more

No
  • 1 of 5

    by Benjamin Patri

    The question here really comes down to, "Can the middle class live their lives with the current taxes in place?" Yes they

    read more

  • 2 of 5

    by Real

    The government taxes people left and right, they have money that if they don't spend it they lose it, they have money that

    read more

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