In the United States, Tax Increase should be prioritized over Spending cuts

Secondly, we will now find out whom the better debate is, Becki. I hope we have fun and it is helpful to the both of us. After that is said, 3 Key areas of analysys will be reviewed on the side of PRO today. Key Area of analyzes 1) Tax Increases help the economy in more ways then people think. Sub-point A) Taxes Bring in more Revenue then spending cuts. if we look to an article written by the Noble Prize winning in Economics, Paul Krugman, he affirms how we need taxes by saying "The Obama Administration has proposed a Tax increase plan that will generate $1.6 Trillion in additional revenue in the next decade, while the GOP has only proposed a spending cut proposal that will cut important social programs, like by I Want This" href=". ./. ./budget-cuts. /1/">Medicare, Medicaid, and Social Security, while only generating 1/5 of what the Obama Administration has proposed already". Sub-point B) Taxes pay for important Programmes that Spending/Budget Cuts do not pay for. Chris Joseph reports that “Raising taxes results in additional revenue to pay for public programs and services. Federal programs such as Medicare and by I Want This" href=". ./. ./budget-cuts. /1/">Social Security are funded by tax dollars. Infrastructure such as state roads and the interstate highway system also require taxpayer funding. Real estate and property taxes are used to build and maintain schools. ” as you can clearly see, without tax increases we can not sustain normality of life in the future, without the federal programming we currently have due to taxes . Sub-point C) Historically Tax increase has worked. On the website USnews. com we see an article that shows how the raising of income taxes helped in the past, and they will help again. “ In 1993, President Clinton and a Democratic-controlled Congress enacted deficit-reduction legislation that raised income tax rates for high-income taxpayers. In 2001, President Bush and a Republican-controlled Congress cut income taxes. economic growth and job creation were much stronger after the Clinton tax increases than after the Bush tax cuts. ” Sub-point D) Sin taxes bring in even more revenue, while promoting the general health. If we look to a study, done by the TabaccoFreeKids. org, we see that Taxing harmful items such as tobacco could discourage people from using them. It states “If every state and the District of Columbia added a $1-per-pack tax on cigarettes, 2.3 million kids would not take up smoking, 1.2 million adults would give up the habit and 1 million premature smoking-related deaths would be prevented. ” Also, on the website Rueters. com, it states how "Sin taxes, when last used in 2009, created an additional $20.6 Billion in revenue. " Key Area of analyzes 2) Tax loop wholes will be closed, helping the fiscal cliff. Sub-point A) Tax Havens being closed. on MotherJones. com it states "At least 83 of the 100 publicity traded corporations in America shield large chunks of their income from taxes by keeping it overseas, according to the Government Accountability Office. In fact,according to the USPIRG report, 30 of the nation's biggest, richest companies actually profited off the tax code between 2008 and 2010, by by I Want This" href="avoiding" target="blank">. http://www.motherjones.com...... taxes and getting tax refunds from the government. " and concludes "if this loophole is sealed it will wipe out the fiscal cliff spending cuts for 2013"Key Area of analyzes 3) Spending cuts harms the economy. Sub-point A) Budget cuts harm the economy. The the Heritage Foundation it gives 5 points on how spending cuts harm us. Here are 3 of them: 1) “As government health care is cut (or not provided in the first place) each of us must take on those costs on our own, and as demonstrated, pay up to seven times what the same care would have cost. ” 2) “As infrastructure maintenance and modernization is cut, our economy becomes less competitive, unemployment increases and our wages and spending power fall. ” 3) “As spending on education is cut, our costs of educating ourselves and our kids increase. College costs soar. And the overall education level of our people will decrease, making our country less competitive in the world. ” Sub-point B)Social Security cuts will devastate the economy. Also, on the Heritage Foundation it affirms “Social Security allows working people to retire with at least a minimal income. If this is cut many could not retire for many more years (if ever), which would increase the unemployment rate because their jobs would not open up. The same is true as the retirement age is increased -- fewer job openings. ”Thanks for your time, and now its your turn Becki!