He is going to roll back the tax cut for the people making $200,000 + per year. And he is going to tax the middle class. Thats what I heard.
Would you agree that the majority of the people in the US making $200,000+ per year are business owners, or high ranking excutives of major corporations. The point of the tax cut was to give more money back to these businesses so that they can put more money into their businesses. So that they don't outsource to other countries, and leaves more jobs in the US.
Rolling back that tax cut, and then taxing those making less than $200,000 / year, sure it probably will reduce the deficit a bit. But it could start up another recesion, as more people will have less money. They are not going to spend as much money. What Bush did was stop a recession from becomming a depression. Yes he has run up the deficit, but it eventually will turn around.
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