Tag: poor

Extend the Bush Tax Cuts

On 1 January 2011, the Bush Tax Cuts are set to expire and there is fierce debate whether or not to extend them. These tax cuts, despite what the liberals say, are not solely focused on “the rich”. The reduction in tax rates brought us out of the 2001 recession and contributed to the economic growth, starting in 2003. However, due to the media’s amazing work (sarcasm), people really don’t know what the 2001 and 2003 tax cuts actually did. But, that’s why I’m here. Many people on the Left wrongly blame the current recession on the Bush Tax Cuts.

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