What do you think will be the real result of extending the tax cuts?
I know the argument has been that the tax cut extension, specifically for the rich, will increase the number of jobs. However, the debate makes it seem like extending the tax cut is something new and will produce something new. Isn’t it really just keeping the “Status Quo”? Another hot issue for Americans is paying off the debt and cutting spending. Won’t the tax cut increase spending and add to the debt? Shouldn’t we being trying something different or something new if we expect a change?
Asked By: - 12/15/2010
Best Answer - Chosen by Asker
Actually it seems to me the primary motive here is the Obama administration is trying to strike a deal with Republicans in exchange for not withholding funding from the precious healthcare insurance bill... More
Answered By: Socrates - 12/15/2010
Additional Answers (9)
The real result? We will all pay less taxes. That's what I think anyway. I could be wrong.
Answered By: Ronee Ray Gun - 12/15/2010
Nobody is proposing any income tax cuts, merely extensions of current rates. By definition, this means the tax code will be neither stimulative nor contractionary. However, there are many other factors at work in the economy.
Answered By: Shovel Ready - 12/15/2010
CUT government spending by 25% for EVERY Department!
Answered By: Citation V - 12/15/2010
The reality is the government doesn't need money from our taxes. They can just print whatever money they need and call it a day. It's all about how much can they oppress the people. They want to "punish" the wealthy but in doing so, screw over everyone else. What a bunch of dick heads.
Answered By: Allen - 12/15/2010
A bigger drain on the economy. Unemployment gets extended, Obamacare goes into place, The banks are paying back the TARP loans with IOUs yet the Rich pay less taxes, Corporations pay less taxes and the Fed keeps printing monopoly money.
Answered By: This is not America - 12/15/2010
You don't change anything by leaving everything the same...
Answered By: Chupate esa! - 12/15/2010
The result will be producers not planning an a record-setting tax INCREASE in a couple weeks... More
Answered By: Peace through blinding force - 12/15/2010
How will more of the same increase jobs? The extension is merely saving more jobs from being lost. Can you imagine if we all had to bear more expenses in the form of increased taxation... More
Answered By: End The Fed!!! - 12/15/2010
Tax cuts for the wealthy will not create jobs for Americans. Think about this. http://thenewcivilrightsmovement.com/congress-sure-has-a-boatload-o-millionaires/politics/2010/09/01/12531 http://thehill.com/homenews/senate/116489-wealthy-lawmakers-increased-their-riches-as-economy-sputtered-in-2009-
Answered By: chloe - 12/15/2010
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Local Positions Open in Your Area. Hiring Now - Apply Today!
Click. Search. Apply. Free!
Get Your Degree Online Sooner than You Think. Financial Aid Options
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.