Im writing a research paper on taxes and the recession and the effect it has on working class citizens?

Question

Please leave your thoughts and without any disagreeable remarks. Also my rough thesis is: The United States economy is experiencing a recession, but raising taxes within the working and lower class is not an effective solution.

Answer 1

I agree that raising taxes within the working class is not a solution - but then this is never an option anyway - the government would never directly increase taxes on the working class (although this may be an indirect result of another action).

Personally I think that the working class are hit hardest by a recession as they have very little disposable income to cover the extra cost that comes with the inevitable inflation. They are also less likely to get financial help from banks and institutions in this time as confidence is so low.

Answer 2

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