Essay sample library > The New Tax Law: Will It Help More Than Hurt?

The New Tax Law: Will It Help More Than Hurt?

2023-04-01 09:54:21

This is official; Americans pay less for the federal government. In a ceremony held at the East Hall of the White House, President Bush signed the third big tax cut in US history. Whether tax cut really contributes to economic development or not. Bush said he would do so. He insists that "This law is giving momentum to the economic recovery" (Benedetto). President Bush hopes to create employment and correct the problematic financial system with a substantial tax reduction of $ 350 billion. Despite his optimism, President Bush has many enemies pointing out the tax breakdown flaw.

In times of terrible inequality, Republicans are trying to pass tax cuts that are disproportionately spreading to rich people while hurting "the poor are more than originally thought". Only a quarter of Americans support it, and over 60% believe it will benefit most people. They still persisted without an apology. Today, general support is often important in democratic activities, but the US government is beyond the function. Conservative politicians ignored the public opinion by moving by the interests of corporate leaders and donors, and are promoting tax cuts.

The Trump regime recognized that most Americans need more money in their pockets and they passed a new tax law that would help many Americans. But it caused left anger. I think their response to tax plan is based on fear. As so many people live with government aid, as taxpayers reduce taxes, it is widely accepted that there will be less funds spent on funding these government support programs at the heart of the left-wing infrastructure There is concern. However, as private debt and public debt sharply increased, our debt amounted to 2 trillion dollars, so we could not solve the problem and the left worried about the new tax law, not the huge debt in the head It was even more confusing.

I strongly oppose writing this tax invoice. Everything I took after I told you I will lose that bill. This means that more Americans are hurt by this tax bill than helping. This tax system helps some people and does not need our government's help. I would like to impose tax on school supplies, amortize office supplies, punish people seeking continuing education through graduate school, revoke medical tasks, kill real estate taxes, and increase deficit I can not forgive. This is not a small government. The government of debt is not small. It is very weak.