Retain G.W. Bush tax cuts for individuals earning over $ 250,000 per

year is in the interest of a Republic

Maxie Brinkmann, Vanessa Henning, Eva Estrada, and Hannah Amante

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1. Argument: Increased Inequality

Con - Economics

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Rise in inequality during the last decades

Poverty is also on the increase

The economy is only benefiting the wealthy

Middle class will not benefit enough from the tax cut & the wealthy will reap unfairly high benefits

Con - Economics

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1. Argument: Increased Inequality

1. Argument: Increased Inequality

Con - Economics

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The Lorenz Curve, L of an income distribution shows for the bottom 100h/H percent of households, what percentage of the total income they have.

% of income (Y)

% of households (X)

2. Argument: Increased Unemployment

Con - Economics

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l = Labor

w = Wage

Tax Cuts

Tax Hike

3. Argument: Economic Growth is not sufficient

Con - Economics

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Economic growth do not generate jobs or prevent rising unemployment

Bush’s tax plan = permanent change in tax structure

No economic growth in the short-term

Tax plan will reduce financial resources

Result: tax cuts yield inequalities in after-tax incomes

1. Burden on least fortunateCon - Politics

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Huge burden on working / middle class

Majority of households pay more now and in future

Wealthiest 10% of gains most Most of population will not benefit

2. Rising Debt

Con - Politics

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National debt has grown, rising deficit

Historic decline in fed tax revenue

low gov spending or raise taxes elsewhere

Government will borrow more funds

This will increase country‘s debt

3. Economy Suffers

Con - Politics

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The cuts did not help economy

Failed to create jobs

Gains to 10%, they invest

4. Inequality and Polarization

Con - Politics

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Increase of inequality of wealth

Less programs, promotion for growth

Increased political polarization

Flaws in Opposing Argument: Where we are today

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Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued.

Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts.

Median weekly earnings fell more than 2 percent between 2001 and 2007.

Social programs such as Head Start have been cut back significantly.

Flaws in Opposing Argument (More Statistics)

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Flaws in Opposing Argument (More Statistics)

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Flaws in Opposing Argument (More Statistics)

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