Friday, October 19, 2012

Lower Taxes for Heirs?

In an editorial posted on October 18th entitled "Republicans Propose Lower Taxes for Richest Heirs, Higher Taxes for Lower- and Middle-Class", the author--Emily Cadik of the Burnt Orange Report--described the tax proposals being made by Republican leaders of the House and Senate. Essentially, they want to provide a big tax break to the estates of the wealthiest people each year, enabling their heirs to receive as much as possible, while also expiring improvements to the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC). The Credits are said to help over 13 million moderate-income families in America.

Cadik starts off her post by stating her opinion on the subject: "Despite the fact that decades of economic policy have shown this theory to be grounded in fantasy, sometimes it's really hard to imagine how their tax 
policies would ever actually grow anything." She continues on to provide evidence from an article from the Center on Budget and Policy Priorities, and describes the benefits of the EITC. The article ends with statements as to how regressive tax policies only benefit those that are receiving them, but not everyone, as the Republican party likes to insist.

Cadik's intended audience seems to be of Americans that are left-leaning, and fall into the financial bracket that would be getting the short end of the stick in this situation. Throughout the post, Cadik uses direct links to the other articles that she quotes or gets her information from, and is very thorough. Her writing is easy to follow, and comes full circle by ending on the same note with which it began (which I'm a big fan of). There are only subtle opinionated remarks that imply Cadik's feelings on the matter, which works to keep her article inline and seem unbiased. Altogether, it is a very well-written and thorough piece on one of the major topics of the 2012 Presidential Campaign.


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