1. Sofiane Hadjar

2.  1981-  President Ronald Reagan cut tax rates by 23% at a cost to the government of over $750 billion.  1989-  George H.W. Bush, raised taxes contrary to his electoral race promises  1993-  Bill Clinton took office and faced a $300 billion deficit.  Cut government spending by $247 billion and raised taxes on top earners. That move, and later tax cuts, resulted in a budget surplus in 1998.  2000-  George Bush came into office with a $230,000,000,000 surplus.  Campaigned on getting the money back to the people

3.  2001-Economic Growth and Tax Relief Reconciliation Act of 2001  Congress approved Bush’s $1.3 trillion tax cut plan  Lowered income tax 3-5%  Phased out the Estate Tax  Reduced the Marriage Penalty  Doubling the per Child Credit  Called to expire in 2010

4.  Tax Cuts have been extended through 2012  The debate at the end of 2010…  Obama-extend the tax cuts for anyone making less than $250,000 a year. ▪ Had to settle  Class Warfare?  Rich? or Job Makers?

5. For Taxing the WealthyAgainst Taxing the Wealthy Revenue for defense, education, health care, social security, and so many other needs must come from somewhere. The rich already have enough money to live a great lifestyle; it won't hurt them as much to increase their taxes. With our national debt rising to unstable amounts, revenue has to be collected, rather than cut. The power of rich individuals such as Bill Gates and Warren Buffett must be contained by limiting their wealth. The rich always alter their spending, investment, work, and tax behaviors in response to rate increases. Revenue brought in to the federal government can decrease. Taxing the rich will only take money from the Private Sector to the government where it is spent on special interests and irresponsible bailouts. It provides less incentive for government to cut spending and reduce its size & intrusion into our lives.

7. Cuts are Extended for AllCuts Expire for the RichCuts Expire for All 10 % ------ 15 % 25 % 28 % 31 % 33 %36 % 35 %39.6 %

8.  Extend Tax Cuts only for people making under $250,000 a year  Lost negotiations  Extended bush tax cuts

9.  Extend Bush Tax Cuts, even for the greater than $250,000 bracket  Promotes Low Taxes for All  Lower taxes=incentive to invest

10.  Cut taxes 19 times as MA governor  Never opposed 2003 Bush cuts, but never supported

11.  Adopt a single-rate tax system  Repeal the Death Tax  Promoted as small-government, low-taxes Candidate

12.  Balance our budget without raising taxes  Promises Tax Reform, No New Stimulus Programs

13.  Federal government taxes too much and too often  Abolish the IRS  Implement 23% national sales tax

14.  "Barack Obama on Tax Reform." OnTheIssues.org - Candidates on the Issues. Web. 14 Sept. 2011..  "Barack Obama on the Issues." OnTheIssues.org - Candidates on the Issues. Web. 14 Sept. 2011..  Gale, William G. "Five Myths about the Bush Tax Cuts." The Washington Post: National, World & D.C. Area News and Headlines - The Washington Post. Web. 14 Sept. 2011..  "Herman Cain on the Issues." OnTheIssues.org - Candidates on the Issues. Web. 14 Sept. 2011..  Lowrey, Annie. "Bush Tax Cuts 10th Anniversary: They've Been a Failure in Every Conceivable Way. - By Annie Lowrey." Slate Magazine. Web. 14 Sept. 2011..  Mencimer, Stephanie. "The Bush Tax Cuts: Ten Years Later | Mother Jones." Mother Jones | Smart, Fearless Journalism. Web. 14 Sept. 2011..  "Michele Bachmann on the Issues." OnTheIssues.org - Candidates on the Issues. Web. 14 Sept. 2011..  "Mitt Romney on the Issues." OnTheIssues.org - Candidates on the Issues. Web. 14 Sept. 2011..  "Rick Perry on the Issues." OnTheIssues.org - Candidates on the Issues. Web. 14 Sept. 2011..  Sahadi, Jeanne. "FAQ on Bush Tax Cuts: What You Need to Know - Sep. 15, 2010." CNNMoney - Business, Financial and Personal Finance News. 15 Sept. 2010. Web. 15 Sept. 2011..