Tax Cut Argumentative Essay

669 Words2 Pages

Higher taxes is not what people demand, but having tax cuts won't be marvelous either. People believe having taxes lowered will be effortless and the government will be limited to misuse the money that comes from taxpayers. The government should not raise nor lower taxes in our economy and things should be conserved for now.
Some people assume obtaining decreased taxes will conceive more mid and high paying jobs and that cutting taxes could cause an escalation for the government's revenue. This way of thinking is understandable because having an expansion of revenue for the government can go towards the national debt or public services. However, in order to accomplish these tax cuts there will be enormous spending cuts and can result in a worse situation. In 1981 and 2001 both Reagan and Bush, former presidents, passed tremendous tax cuts which resulted in extra deficits and higher debt (Winegarden). There is no evidence that tax cuts spur growth in our economy according to a new study by the Congressional Research Service, but there is evidence throughout the years of tax cuts damaging the growth (Blodget). Tax cuts can create extra jobs, but corporations will experience spending cuts throughout their company and …show more content…

Tax cuts is a way to gain votes for candidates during election time, since they know most people would agree with it, but in the past when former presidents actually passed some sort of tax cut it ended in a catastrophe. People that are into politics, but know nothing about the cons of tax cuts should weigh out the options before choosing one side over the other. Taxes may be a little too high as for now, but trying to accomplish tax cuts will not end well, but in the future we could achieve that

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