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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