Ten years ago, Bush put into a place a tax reduction that would allow rich people to get a lot of benefits. This act expires in Decemeber. If Obama doesn’t extend the act, those making over $250,000 annually will have to go back to paying the taxes they paid a decade ago. Yesterday, Senator Mark Warner spoke at the University and encouraged President Obama to continue giving the upper class benefits. Warner insinuated that the reason our economy is in a slump is due to the taxes we impose on the rich. I personally believe that the rich should be willing to extend a hand to those less fortunate; if this means paying more taxes, then so be it. Our economy will never benefit from having millions of unemployed low-income individuals struggling to survive on a daily basis. Paying extra tax money will not make or break the upper class. It is essential that they help out the country as a whole; stinginess is no longer cutting it.
-Alexis
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