Surplus :: essays research papers

Due to outstanding economic times we forthwith face a national budget surplus. This surplus is the first bingle since the mid sixties. Before now we render been in a federal deficit. Because our good situation we are face with a tough last what do we do with the extra bills. Some commonwealth think we should direct the coin in organisation programs others think we should pay up it back to the peck who gave the government the money. Giving the money back to the imposepayers appears to be the most rational thing to do with the surpluses.The government has a moral obligation to give the money back to the taxpayers. The government does non pee anything to spend the money on now. Just because we have the money doesnt mean we have to spend it. We do not need to search for programs to spend our money on. Therefore we must give back the money while we lock away have it.Tax rates are at an all-time peacetime high. When president Clinton took office, federal Taxes consumed 1 7.8 cents out of each dollar earned in the get together States. Now the federal Governments take is 20.6 cents out of every dollar. (USA Today) Budget projections indicate that over the next ten years, the federal government will have huge budget surpluses totaling about $3 trillion. If we have a surplus at a high tax rate, why endt the government take what it needs and lower the tax rate?We need to lower taxes to a rate where the government does not take more(prenominal) than it needs. An example of how these types of practices are unheard of anywhere else is as followed If I were to go to a bank and ask for a simple machine loan of $10,000 and the car only costs $8,000 the bank would demand that I lower the loan amount to $8,000. Then I might say, I can find other things to spend the $2,000 on. The loan military officer would laugh and say, Im sure you could but I cant give you more that you need. The people who oppose cutting taxes intelligibly believe that the money gener ated by federal taxes actually belongs to the federal government. umteen of us who want the government to give the money back to the people believe that the money belongs to the people who paid the taxes and if they are paying more than we need to run the government, we should give it back.