What’s fair – tax the wealthy or tax small businesses?

Wouldn’t it be nice to have a tax system that was fair, simple, and generated economic growth? Is it fair to raise taxes only on the wealthiest Americans? These were the questions in a recent article about the tax dilemma going on in our country. Many people believe that tax should be increased to have a balance in the economy. Others believe that taxes are too high already and needs to be decreased. For many, big businesses need to pay more for taxes. Big businesses believe they should have taxes waivered because they provide most of the jobs for the country. President Obama debate on taxes showed which side he was supporting. “President Obama believes that the wealthiest Americans should contribute more than their less wealthy counterparts to solving the federal government’s fiscal crisis.” According to Obama, “taxes should only increase for the wealthiest taxpayers, in part because they benefited the most from the temporary tax cuts that were first enacted under President George W. Bush.”

The question is now: is it fair?

I believe an increase in taxes, is not the solution for anybody. I think as an economy we should limit the need of spending more money. I feel big business should have an increase in taxes because most of their taxes are waivered and government should have more control of their spending and cost. At this day in age, we should focus on how we can save our economy by saving our money rather than increase in taxes. Increasing taxes is only going arise complaints and arguments. I feel the government and Obama should work on a plan that will help small businesses and the middle class. The middle class is the majority of the income for the United States and constantly taxing the majority holder will result in extreme consequences.