Who will be President?

[kaboobie92]

i read the article. While it is probabally from a biased source (as most are), I can see what you are saying. However, I think its unfair that the top income earner's after tax income decreases almost 20%? So now we are going to penalize the richest people in the nation? I would say thats a good motive for them to move out of the country. The richest people buy the most goods, which supports the economy. Granted, I believe the poor and middle class should get tax cuts, but tax cuts across the board. Instead of increasing government income taxes, kill some useless government programs to try to eliminate some of the wasteful spending. I dont doubt that what you are saying is true, but I think it's unfair to put that much of the tax burden on the wealthy.

By cutting taxes, people will spend more. When people spend more it stimulates the economy and brings in business. This creates jobs, but also creates government revenue from the companies and on sales tax etc.