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Business Tax Cuts and the Inner City

By: Jason Cunningham (08/11/2004)

  The Republican Administration led by President Bush have repeatedly stated that tax cuts are the answer to improving job growth and economic development for all Americans. While some believe that business tax cuts are the reason for the strong economic growth in recent years, there are communities that have less taxes money coming in, and the citizens find themselves with less income.

    One on the biggest challenges of the inner city in America is attracting viable businesses.  A reasonable amount of tax revenue is good for any city. Tax revenue is needed in order to meet the educational budget, fix the city streets, and encourage other city projects, in an effort to help raise your property value and attract new citizens. Often in the inner city these obligations are not being met, and many of these places are constantly running in a deficit. Some of these inner cities have been forced to raise property taxes and proposed tax levies for education funding and street renovation.

    No one can say that these problems do not exist. There are inner cities that are currently laying off police officers and school teachers. This endangers our streets in America and is a threat to the learning of our children. Here would be the ideal situation to offer business tax cuts to those corporation who are willing to be in the inner city. Having prominent corporations and small businesses will bring in more tax revenue, provide jobs to the community, and serve as a positive reminder of a better life in the business world as opposed to running the streets. This is something that Congress should working towards, so that we are all on equal footing. 

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