Tax Cuts

The tax cuts benefit the middle class. Since my family is in the middle class it was personally benefit us. Obama said he didnt favor giving tax breaks to the top earners in the society so that would mean a regular tax cut for them. It means they would spend more money but they have more of it to spend than say, the middle or poorer class. For the poor this would be a benefit because they would be able to keep more of their money then giving it all away to the government.  The pact would allow all businesses to expense 100% of their investments in 2011. The upside of less taxes is that we get to keep more of our money than letting it all go to the governament. The downside is we will have less government spending. I am not too surprised that Obama decided to do this but I didnt think he would actually try to go through with it. Personally, these tax cuts would benefit my family so I am in agreement with them.