background information: in 2012, president obama and congress debated the issue of taxes and tax cuts. in…

background information: in 2012, president obama and congress debated the issue of taxes and tax cuts. in this speech, president obama is discussing the effects of a potential tax increase. a typical middle - class family of four would see its income taxes go up by $2,200. thats $2,200 out of peoples pockets. that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers.... businesses cant afford it either.... economists predict that if taxes go up on the middle class next year, consumers will spend nearly $200 billion less on things like cars and clothes and furniture - and that obviously means fewer customers. that cuts into business profits. that makes businesses less likely to invest and hire, which means fewer jobs. and that can drag our entire economy down. which statements best communicate the main idea of this speech? check all that apply. increased taxation on the middle class will improve the economy. lower taxes increase consumer spending. increased consumer spending strengthens the economy. higher taxes will have a severe impact on citizens. spending on social needs is a low priority.

background information: in 2012, president obama and congress debated the issue of taxes and tax cuts. in this speech, president obama is discussing the effects of a potential tax increase. a typical middle - class family of four would see its income taxes go up by $2,200. thats $2,200 out of peoples pockets. that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers.... businesses cant afford it either.... economists predict that if taxes go up on the middle class next year, consumers will spend nearly $200 billion less on things like cars and clothes and furniture - and that obviously means fewer customers. that cuts into business profits. that makes businesses less likely to invest and hire, which means fewer jobs. and that can drag our entire economy down. which statements best communicate the main idea of this speech? check all that apply. increased taxation on the middle class will improve the economy. lower taxes increase consumer spending. increased consumer spending strengthens the economy. higher taxes will have a severe impact on citizens. spending on social needs is a low priority.

Answer

Brief Explanations:

The text discusses how higher taxes on middle - class would reduce consumer spending, which in turn affects businesses and the overall economy. Lower taxes would increase consumer spending and strengthen the economy, while higher taxes would have a negative impact on citizens and the economy. There is no mention of social needs spending priority.

Answer:

Lower taxes increase consumer spending. Increased consumer spending strengthens the economy. Higher taxes will have a severe impact on citizens.