State rebuttals of the third speaker on the negative side on the points;
1. Reducing tax can boost savings and investment
2. Reducing tax can reduce unemployment rate.
1. Rebuttal to point 1: While reducing taxes may lead to an increase in savings and investment for some individuals, it is important to consider that this benefit primarily goes to the wealthiest individuals and corporations. This does not necessarily translate to overall economic growth and job creation for the average citizen. Additionally, reducing taxes can also lead to government budget cuts in essential services such as education, healthcare, and infrastructure, which are crucial for long-term economic growth.
2. Rebuttal to point 2: While reducing taxes may potentially lead to job creation in the short term, it is important to consider the overall impact on the economy. Lower taxes could result in a decrease in government revenue, leading to budget cuts in essential services and social programs that support job creation and workforce development. Additionally, reducing taxes for corporations and the wealthy may not necessarily translate to job creation, as they may choose to prioritize profits over hiring additional employees.