KYG Updates Blog

Plank Title: Economy Resolution

County Name: Island

WHEREAS, the Bush tax cuts of 2001 and 2003 will begin to increace January, 1st, 2009 and completely expire by 2011.
WHEREAS, before the Bush tax cuts, the economy was headed twards recession, and since then continued to grow for six straight years.
WHEREAS, during the Bush tax cuts; our economy saw a large and steady growth of the economy, rising an average of 2.8% a year.
WHEREAS, during the Bush tax cuts, in 2007 the stock market broke 1300, an all time high, which only represents the economy is continuing to grow strong.
WHEREAS, without the Bush tax cuts, there will be a tax increace that will affect all incomes which will also take away the 10% tax for low-income citizens and replace it with a 15% taxation. WHEREAS, without the tax cuts, the annual GDP will be over $111 billion higher, after inflation.
NOW, THEREFORE, BE IT RESOLVED, That the bush tax-cuts be extended untill the year 2019 to continue the growth and wellbeing of the United States economy.

Submitted by: Jayme H.