Pro Bush Tax Cuts

Observation 1: created six tax rate brackets--10%,

Observation 1: created six tax rate brackets--10%, 15%, 25%, 28%, 33% and 35%, based on income
15%, 25%, 28%, 33% and 35%, based on income levels.
levels. -Lowered taxes for everyone
-Lowered taxes for everyone Observation 2: the Tax Cuts are up for renewing
Observation 2: the Tax Cuts are up for renewing

Contention 1: Repealing Tax Cuts will hurt the Contention 1: repealing will help the budget
economy more taxes → more revenue
Repealing tax cuts will take money from i)less budget deficit
everyone, ii)help the economy
would mean less loose money to spend Contention 2: Continuing the Tax Cuts will hurt the
i)less economic growth economy
Contention 2: Repealing Tax Cuts will hurt small continuing tax cuts → deeper deficit
businesses i)hurt American financial security
Small businesses will have to pay more taxes Contention 3: The tax cuts were made to be expired
i)hinders growth of the business the tax cuts are unsustainable, meant to
i)hurts economic growth expire
Contention 3: Extending the Tax Cuts would help not expiring would lead to
stimulate the economy deepening budget
Lower taxes allow businesses to invest
more
more expansion of businesses
i)Jobs
ii)less unemployment
i)economic growth

Con Bush Tax Cuts