In the three economic classes in America there is a widening gap between the rich and the poor. The middle class is slowly descending into the poor zone. For his four years in office Obama has been constantly pushing towards putting a higher tax rate on the rich zone of America, which means that people in congress would be taxed as well. Their are two points to it:
1. Creating a fair share of taxes between all Americans depending on their income. In other words making everyone pay 10%, 20%, 30% etc. of what they make if its high or low. It creates a balance that helps the poor class rise into the middle class.
2. To take money from where it can be taken. Currently the rich get a lot of tax breaks and the poor are charged more. Now think about that for a moment, why tax the poor more when they barely have the money to help themselves? Does that make any sense at all? It's better to stop pressuring the poor to pay what they don't have.
With the election for President of the United States coming up Obama is looking to appeal to the middle and poor class and so far if this bill is passed by the Senate on Monday April 16, 2012 he will have a head in the race over the Republicans. This is possible the turn around that the economy has been looking for and American citizens are eagerly waiting for the results hoping that the Senate can finally come to a decisions and do what the will of the people desires.
http://www.washingtonpost.com/politics/with-eye-on-romney-obama-to-make-another-appeal-to-middle-class-through-buffett-rule/2012/04/10/gIQADjkf7S_story.html
No comments:
Post a Comment