Crossfire: 1

Question 1L
Recession Inevitable?
Not if you have good econ
Question 2M
Where is economic growth
Venture capital to entrepreneurship
Where are most of gains going
Question 3L
What kind of tax is most of healthcare funded
Tell me
Income tax
Capital gains is a decently significant part of the income tax Republicans use higher deficits
caused by decreased taxes to cut it
Question 4M
Which capital losses are deductible
Tell me
All Are deductible

Rebuttal Lany
Revenue on Aff ballet
Investment increases and gov starts taxing other stuff
Gov will increase other taxes
We give gov more money to reduce deficit
Deficit has been a lot higher in past and is fine now
Healthcare wont be cut-Republicans are cut
Overstimulate-Recession is inevitable
All economies face periods of economic recession
Protect the economy
Tax shelters
GOP has less revenue and they’ll cut revenue
Approval is extremely low for tax cut policy
Welfare status in status quo is flawed, no cemented link between welfare and decreased
poverty
Better for impoverished to have economy grow
Bouncing back from recession

Rebuttal Riya
Tax policy center of tax benefits comes from wealthiest people
Cutting tax on wealthy we can’t cut taxes
Investing with a tax makes more money than not investing
Even high capital gains taxes don’t scare away investors
Money is taxed at corporate and personal level
Seems to have been no impacts of 2001 and 2003 capital gains taxes
Encourages realization of losses not gains
Invest long term anyway helps ride out dips in stock prices
Selling and making money is better than not selling
Economy doesn’t get better because nothing changes
Government isn’t getting more money because small amount taxed isn’t as much
Republican major victory is cutting taxes
Different due to natural recession vs caused

Crossfire 2
Question 1L
Tax cuts are super unpopular
GOP has never been into increasing taxes
Last thing they want to do is hurt their chances at midterms
Helping top investors, but put money back into entrepreneurship
3/4s of all revenue is rich people

Question 2R
Ends up enabling a large bounce back in the future
What does that meeeeean
Government doesn’t want revenue

Summary Lara
Economic Stimulation
Lock in effect keeps larger stock trade from occurring more entrepreneurship
Still impact the ¼ of investors
Allocated to suboptimal investments
Volume increased due to cuts
High capital gains tax causes it not to be realized

Summary Matthew
Capital gains profits are made by people with rich people
Government revenue
Only access it through economic growth
Long term there would be a lot less revenue
Dropped tax sheltering
GOP always uses deficit as an excuse to cut programs
23 million people cut from health insurance
3.5 million people into poverty
We are overstimulating economy now
3.5 million people becoming unemployed
Long term investing is good

Grand Cross
Question 1L
Why would they be cut
Republicans don’t care about cutting taxes
Paul ryan has convinced to cut social security
I don’t see a wall

Question 2R
Only link into economic growth is investment
¼ increases causes a positive impact

Final Focus
Economic growth
We win for gov revenue deficit has been higher, no negative impacts
Decrease people will start to tax at a faster rate
Its going to go to the one fourth
Positive increases in
Kato institute welfare pretty bad
Most of revenue is made by rich
Rich want more profits, increased investment

Final Focus Riya

Deficit was high because of economic stimulus package
Deficit is no indicator of stability
Massive amount of money to be losing
Only link is decision making, doesn’t change because of wealthy people
Use tax cuts as an excuse
People die due to being uninsured
Value of a stock inherently increased, inflation rises, harder for impoverished people to buy
stuff