Kerry Economic Plan would Cripple Economy
Posted: July 6th, 2004, 11:50 pm
Yeah, this has practically become the anit-Kerry forum, but anyway, here is my opinion about the Democrats' robin hood style economic plan.
Kerry believes that the wealthiest 2% of Americans should not benefit from the tax cuts that President Bush created. That is a fact, unless Kerry decides to flip flop again. If that happens, those 2% of Americans being taxed heavier will cause prices everywhere to rise because they have control over the economy. When prices rise, the inflation rate skyrockets.
Kerry chooses this method because he rightly believes that the wealthies 2% of Americans can handle paying higher taxes. With higher taxes for them, the national debt could indeed by decreased and more money could be spent on other things like social security. The problem is that soon after the middle and lower classes get their tax cuts, inflation goes up and the tax cuts become worthless.
Kerry clearly doesn't have what it takes to handle our nation's economy.
Kerry believes that the wealthiest 2% of Americans should not benefit from the tax cuts that President Bush created. That is a fact, unless Kerry decides to flip flop again. If that happens, those 2% of Americans being taxed heavier will cause prices everywhere to rise because they have control over the economy. When prices rise, the inflation rate skyrockets.
Kerry chooses this method because he rightly believes that the wealthies 2% of Americans can handle paying higher taxes. With higher taxes for them, the national debt could indeed by decreased and more money could be spent on other things like social security. The problem is that soon after the middle and lower classes get their tax cuts, inflation goes up and the tax cuts become worthless.
Kerry clearly doesn't have what it takes to handle our nation's economy.