PowerPoint-Präsentation

Maxie Brinkmann, Vanessa Henning, Eva Estrada, and Hannah Amante
Retain G.W. Bush tax cuts for
individuals earning over $ 250,000 per
year is in the interest of a Republic
1
Con - Economics
1. Argument:
Increased Inequality
 Rise in inequality during the
last decades
 Poverty is also on the
increase
 The economy is only
benefiting the wealthy
 Middle class will not benefit
enough from the tax cut &
the wealthy will reap unfairly
high benefits
2
Con - Economics
1. Argument:
Increased Inequality
3
Con - Economics
1. Argument:
Increased Inequality
The Lorenz Curve, L of an income distribution shows for the bottom 100h/H
percent of households, what percentage of the total income they have.
% of income (Y)
% of households (X)
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Con - Economics
2. Argument:
Increased Unemployment
l = Labor
w = Wage
Tax Cuts
Tax Hike
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Con - Economics
3. Argument:
Economic Growth is not sufficient
 Economic growth do not generate jobs or prevent rising
unemployment
 Bush’s tax plan = permanent change in tax structure
 No economic growth in the short-term
 Tax plan will reduce financial resources
 Result: tax cuts yield inequalities in after-tax incomes
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Con - Politics
1. Burden on least fortunate
 Huge burden on working / middle class
 Majority of households pay more now and in future
 Wealthiest 10% of gains most

 Most of population will not benefit
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Con - Politics
2. Rising Debt
 National debt has grown, rising deficit
 Historic decline in fed tax revenue
 low gov spending or raise taxes elsewhere
 Government will borrow more funds
 This will increase country‘s debt
8
Con - Politics
3. Economy Suffers
 The cuts did not help economy
 Failed to create jobs
 Gains to 10%, they invest
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Con - Politics
4. Inequality and Polarization
 Increase of inequality of wealth
 Less programs, promotion for growth
 Increased political polarization
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Flaws in Opposing Argument: Where we are today
Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public
debt, 50 percent of the total debt accrued.
Over the past 10 years, the country has spent more than $400 billion just
servicing the debt created by the cuts.
Median weekly earnings fell more than 2 percent between 2001 and 2007.
Social programs such as Head Start have been cut back significantly.
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Flaws in Opposing Argument (More Statistics)
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Flaws in Opposing Argument (More Statistics)
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Flaws in Opposing Argument (More Statistics)
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