1) Should Congress adopt a flat tax, one for individuals and another for businesses, if so at what percentage and at what position in the income chain (i.e. what items should be deductable before taxation)? (100 words)
2) Open the following web sites and read the following articles:
- NY Times - "It's Crunch Time in Congress for Tax Breaks"
- NY Times - "Obama Threatens to Veto $440 Billion Tax Deal"
a) If you were a member of congress, which of the Tax Breaks would you extend, permanent or temporary and why? (100 words)
b) If you were the president, and congress passes and sends all of the Tax Breaks to you, which of the tax break(s) would you extent, permanent or temporary and why? (100 words)