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Monday, October 3, 2011

Talk of Reducing Tax Breaks is Just Talk

It has become a huge topic among every politician currently in office, or running for an office, our nations growing debt. Found in the New York Times, this article is very informative on how many of the politicians have proven to be self-seeking and unwilling to compromise or give up their own tax breaks that they have helped to create and pass themselves. A tax break is a deduction or “break” on taxes that is awarded by the government to promote a particular business activity or promote economic growth. A main example in todays political spectrum is the tax break for many small beer breweries. Politicians constantly discuss how reducing the amount of tax breaks would raise money for they government to reduce debt, however this is threatening to many because Republicans and Democrats alike have grown accustomed to rewarding their supporters with these tax breaks. This articles is worth taking a look at because it provides a look into the true motivations of many politicians running for office today, seeking to promote their own well-being rather than help the nation. I feel like this article is very relevant to us as Americans, and students, as opposed to other articles because we have many decisions coming up as to who to vote for, and we often wonder why the American debt seems so unchanging. This article provides an insight into why and who is behind these important decisions, un-moving in their own personal achievements rather than the good of the nation. 

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