DO THEY HELP? The new tax cuts

As Washington focuses on taxes, the Republicans say a tax cut will energize the economy and create new jobs because of a robust economy.

On the other hand, the Democrats believe the economy is going well and that instead, we should be more concerned about various spending programs. They believe that tax cuts will increase the national debt--something they ignored during President Obama’s time as President.

While neither can be proven right or wrong until a tax is put in place and watched for a period of time, we can look at past history on the federal level and current activities just south of us in North Carolina.

 

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