1. Christina Clerk Matt Sussmane Christopher Michael Tien Blake Weissier

2. If Tax Cuts are Kept What Will Happen?  Tax cuts will put the country in an even bigger deficit  Decreases governments revenue  Important to note that increasing government spending, while decreasing the revenue put us in the recession that we are in now  Deficit will put people out of jobs  Quote from last website: “Bush’s economic advisers tried to talk him out of the rebate, but ran into a brick wall.”

3. What do American’s Think?  51% of U.S. voters now support extending the Bush tax cuts for all Americans including the wealthy  The wealthier will pay more money if the tax cut expires, lower incomers will be hit harder as they have limits in which they can live in  “Raising taxes on the rich would add a new burden, in part because wealthy Americans make a significant contribution to overall consumer spending.”  “…major tax increase would slow the economic recovery” --- Mr. Burman, of Syracuse University

4. Democrats  In favor for the tax cuts to expire  Some Want to Extend All Bush Tax Cuts  Senate Democrats postponed action on President Barack Obama's proposal to extend middle-class tax cuts until after the Nov. 2 election  Bush lowered the taxes to 35% and 33%. Obama and the Democratic Party want to push the top rate to 44.6%  Federal Reserve Chairman Ben Bernake favors the continuation of the Bush tax cuts  The Obama, Reid and Pelosi power trip wants to raise taxes on "the rich”  More taxes = less money to pay more employees

5. Republicans  Trusted more when the economy is involved  Believe in:  Reducing spending  Job Creation = No. 1 issue  Defending families against future tax increases  Taxes shouldn’t be raised during periods of high unemployment  Determined to help more Americans get back to work and develop policies that will support a healthy environment for small businesses.

6. Tax Cuts For Everyone  Everyone receives tax cuts.  Each class receives a different tax cut.  Benefits from tax cuts.  President Obama’s tax cut plan.  The pie chart: Percentage of economists surveyed by cnnmoney.com

7. Bibliography  http://seekingalpha.com/article/99318-tax-cuts-an-election-promise- not-easily-kept http://seekingalpha.com/article/99318-tax-cuts-an-election-promise- not-easily-kept  http://www.thefiscaltimes.com/Issues/Taxes/2010/09/17/Bush-Tax- Cuts-No-Economic-Help.aspx http://www.thefiscaltimes.com/Issues/Taxes/2010/09/17/Bush-Tax- Cuts-No-Economic-Help.aspx  http://thehill.com/blogs/on-the-money/domestic-taxes/123131-study- expiration-of-bush-tax-cuts-will-hit-poorer-workers-hardest http://thehill.com/blogs/on-the-money/domestic-taxes/123131-study- expiration-of-bush-tax-cuts-will-hit-poorer-workers-hardest  http://www.csmonitor.com/Business/2010/0729/Bush-tax-cuts-Will- the-economy-suffer-if-they-expire http://www.csmonitor.com/Business/2010/0729/Bush-tax-cuts-Will- the-economy-suffer-if-they-expire  http://www.rasmussenreports.com/public_content/business/taxes/se ptember_2010/51_favor_extending_bush_tax_cuts_for_the_wealthy http://www.rasmussenreports.com/public_content/business/taxes/se ptember_2010/51_favor_extending_bush_tax_cuts_for_the_wealthy  http://money.cnn.com/2010/09/19/news/economy/what_to_do_econ omists_survey/index.htm http://money.cnn.com/2010/09/19/news/economy/what_to_do_econ omists_survey/index.htm  http://money.cnn.com/2010/08/27/news/economy/bush_tax_cuts/ind ex.htm http://money.cnn.com/2010/08/27/news/economy/bush_tax_cuts/ind ex.htm