Taxes

online.wsj.com
January 1, 2012
Tom Herman
http://online.wsj.com/article/SB10001424052970203479104577124393292245080.html?KEYWORDS=taxes
Summary-
    In spite of the crushing debt faced by the United States recently, most taxes will remain the same and will not rise. This includes income taxes, salary taxes, and capital gains taxes. In fact, payroll taxes have been lifted temporarily.

Connection-
    People will often vote for people who will lower taxes regardless of the circumstances. This connects to class through voting likelihood activites, during which it was mentioned by Mr. Haynes that most people care quite a bit about how much they are taxed after recieving their first paycheck. It was discussed that some people can be shocked by how much money the government takes.

Personal Reaction-
    The fact that the nation is in serious debt seems to not have occurred to some people. The last thing that should be happening is lifting taxes; they should be raised quite a bit higher. The idea that allowing people to pay less to the government will bring back the economy is illogical. If the debt cannot be satisfied, there might not be an economy to revive.