Need Help Writing a Paper?

Have Paper Masters custom write your project today!

  • 24/7 Customer Support
  • Free Plagiarism Check
  • Writing at Your Level
  • Writers All Have Advanced Degrees
  • Will Follow Specific Instructions
Need Help Writing a Paper?
Yes! Write My Paper!

Bush Tax Cuts

Bush Tax Cuts

How do you start a Bush Tax Cuts research paper? Our expert writers suggest like this:

There is currently a fight in Washington over the extension of the Bush Tax Cuts. These cuts were passed in 2001 and are set expire at the end of 2010. This is due to the fact they were detrimental to the federal budget, they were passed via a procedure called reconciliation. This only allows them to be set for ten years. If they are not extended, we will return to the tax rates of the Clinton era.

Bush Tax Cuts Sides

The summary of the two sides arguing over the extension of these tax cuts are as follows:

  • The Republicans wish to extend all tax rates permanently at the lower Bush Tax Cut rate.
  • The Democrats wish to make all those cuts permanent for any income below two hundred and fifty thousand dollars but allow the rates for all income over two hundred and fifty thousand to return to the 39.5% rate.

When originally passed, they were designed to spur the economy. It is also possible hey were set to expire to force the next president to extend them, thus permanently lowering government revenues. This lower revenue would force budget cuts and achieve the goal of smaller government. The Democrats on the other hand understand the need to have revenue to pay for basic government services and balance the budget.

Tax Cuts and Public Support

The public support is on the side of the democrats in this debate. Since the GOP will filibuster any attempt to extend only part of the tax cuts, the Democrats have bizarrely decided to avoid voting before the election. For some reason, they think not voting will somehow convince the public they are in their side. This is political madness. The voting public needs to see the Democrats fighting for middle class tax cuts and the Republicans fighting to defend Bush's Tax Cuts for the rich.

It is possible they will vote to extend these tax cuts in tis lame duck session after the presidential election. It seems more likely they will punt the issue further down the road by doing a temporary extension of all Bush's Tax Cuts.

Related Research Paper Topic Suggestions

Paper Masters

  • Custom Written Papers
  • 100% Plagiarism Free
  • 24/7 Customer Service
  • Guaranteed Confidentiality
  • Text us for a Quote Today!

This is a topic on
Bush Tax Cuts Research Papers

Bush Tax Cuts Research Papers discuss both the Republican and the Deomocrat view of the tax cuts that were passed in 2001 and expired in 2010.

Choosing a Topic:

Can't decide on a topic? Need ideas or inspiration for research in your field of study? Paper Masters provides topic suggestions to make your decision easier.

Paper Masters Site Search