Blog Assignment #2

https://docs.google.com/document/d/1xn3w0314vdHdph_FZT04KrHhT-QrExFGLJnUvYKPR0c/edit


This article overviews how the GOP and White House are considering large tax cuts for the wealthy. It also mentions tax cuts for the middle class. President Trump says his reasoning for this is to help not only the wealthy, but businesses and middle class Americans. The White House claims that by cutting taxes this much, it will cause a great surge in economic growth. However, The Tax Policy Center stated that roughly half of all tax cuts would benefit the top 1%. The Senior White House officials then stated that these tax cuts are important to help more people invest in the economy and hire more workers. This is important to read about because even if we aren’t wealthy, this could indirectly affect us. If this works, more job opportunities could become available and we could see an economic surge. However, if this doesn’t work, the wealthy would then become wealthier, and might affect middle class citizens poorly.