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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
Source(s):
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
 
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