To Tax or Not to Tax

To Tax or Not to Tax The Problem of the States Money, like a cookie, is something everybody wants, and when it is gone(p) a person blames everybody else for its absence realizing later they were the one to consume it in the first place. Taxes, since the beginning of an nonionized economy, have been argued everyplace for centuries. At the end of 2012 after surviving the end of the world, valuate payers were faced with other apocalyptic situation, the monetary free fall.It had the potential to swot up taxes to outrageous rates, and despite the dismissal of the Cliff, the issue had just been pushed onto the back end burner of the economy and allow for be readdressed later this year. On one hand, by keeping low taxes the res publica is unable to create a sufficient amount of money to pay off its debt. Instead, many slew argue that by raising taxes the increased prices of items will genuinely harm the nations sparing recovery (Russell).Taxes should be increased because faci ng the national debt is inevitable and the country is will be unable to recover from the mounting debt until its citizens help bring it back from its economic grave. Taxes are directly committed to the economy of a nation, and due to this many populate argue that the government needs to cut outgo on government programs that are causing the debt to increase. Yet, it was revealed that automatic budget cuts were part of the Fiscal Cliff, and would have protected $109 billion in federal spending on defense and non-defense programs alike. President To Make Argument For Fiscal CliffPlans). Ironically, people argued that the government needs to cut, but as it was revealed that is exactly what the cliff was aiming to do. The Fiscal Cliff could have cut unnecessary costs causing the debt to lessen, and in turn reduced swollen deficits (Dixon). This step-down evict decrease the debt but even with the removal of these programs the large debt the nation has would be unable to be quickly and efficiently taken care of at current tax rates.This proves that cutting costs can not solely help the economic situation. Despite this, the resulting chain reaction caused by cutting real budgets benefits the United States overall because it organizes the spending of the nation and can prevent unnecessary costs. By going over the Cliff, one possibility is that the nation could fall into a recession. Yet, the government discussed the possibility of raising taxes on the sizable to make up for taxes that could be placed on the middle class.Economists, who have analyzed the possible do of going over this cliff, argue that this would result in preventing the economy from completely going over (Cohen). Although, taxes will have to be raised on everybody anyways due to refreshfully enacted health care programs. This tax raise is justifiable because these new programs are meant to help citizens but it is unlikely for things to come without a price, though the people support the governm ent the government should not support the people, (Cleveland).This plan to raise taxes by 39% is actually an advantage for tax payers because it will be made permanent meaning that after families adjust to the new income amount they will receive, after taxes have been removed from the overall amount, they will not have to botheration about being faced with another scramble to extend tax policies in the future (Ohlemacher). The consequence this can provide families with a regular tax plan they can adjust to without major changes in the future. The economic world can be both a clam sea and a create from raw stuff storm, although with a consistent tax plan tax payers will be able to comfortably drag in this reliable ocean.Often, before acting, one looks to the examples of others for guidance for the mistakes of others will not be theirs. Britain has remained the main nation America looks at when discussing politics and this was proven no different when discussing economics. Concede rs have argued that raising taxes would not fix anything, as proven by the British example. In 2010 Cameron took office, axing the governments budget, a potential plan in the Fiscal Cliff, yet the gross domestic product is below the level it had been at when Cameron had started (Brown).This comparison proves inaccurate because governments are individualistic and many factors, such as the executives chosen in the government and the differing economies or markets in each country, could affect the result of certain decisions. Britains ailment is specifically due to a insufficiency of demand not of supply, Adam Posen, a specialist in British economics, argued, and the U. S. cannot be properly compared to the parliamentary government of Britain (Brown). If the government was to raise taxes it is not guaranteed that it would result negatively on the economy as a whole. materially, by raising taxes the nation is being given a chance to reform the tax ordinance and broaden the base in the future (Cohen). A trip to the drawing board of economics feature with an on the dot tax plan could revolutionize the economy of America instead of resulting in calamity as many people against the raise in taxes have argued. To tax or not to tax that is the problem. Despite arguments for a decrease in taxes it is clear that if the government ignores the demand for money to appease the increase debt then the economy will fall into a harsh depression that will become harder to fix.Citizens dumbfound their safety in the hands of the government, they put their childrens safety in the hands of the government, they put their facts of life in the hands of the government, and they put their money in the hands of the government. Why then can they not put their trust? Taxes should be raises so that the deficit does not increase to a larger rate. It is sentence to start refilling the empty bank of American. Works Cited Brown, Abram. The Argument Against Fiscal Cliff Austerity ripe Look A t Britains Mess. Forbes.Forbes Magazine, 24 Dec. 2012. Web. 24 Jan. 2013. Cleveland, Grover. Quote Though the People Support the governing the Government Should Not Support the People on Quotations Book. N. p. , n. d. Web. 16 Feb. 2013. Cohen, Tom. Fiscal Cliff What Isnt Said Tells More than Actual Words. CNN. Cable News Network, 07 Dec. 2012. Web. 24 Jan. 2013. Dixon, Kim. Analysis Fiscal Cliff Deal Called a Dud on famine Front. Chicago Tribune. Chicago Tribune, 01 Jan. 2013. Web. 24 Jan. 2013. Dubay, Curtis S. Send This Report to a Friend. The Heritage Foundation. The Heritage Foundation, 9 Jan. 2013. Web. 24 Jan. 2013. Ohlemacher, Stephen. Fiscal Cliff Deal Will Raise Taxes On 77 Percent Of Americans Tax polity Center Analysis. The Huffington Post. TheHuffingtonPost. com, 02Jan. 2013. Web. 24 Jan. 2013. President To Make Argument For Fiscal CliffPlans. Breaking News for sable America. News One, 27 Nov. 2012. Web. 24 Jan. 2013. Russell, Don. A Clear Concise Look at the Fiscal Cliff Controversy. Examiner. com. Examiner, 4 Dec. 2012. Web. 24 Jan. 2013.