Tax Increases and Spending Cuts

My teammate and I both strongly affirm that the United States should place tax income subjoins oer spend cuts. With this, we believe the most in force(p) approach would be to increase taxes through an increase on the darkness tax. A inferno tax is brass levied tax that is added to products or service that atomic number 18 seen as vices, with the intention of disapprove individuals from partaking in such acts. marvelous a higher sin tax on those products/services condemned as bad would lead the government to refrain from depending so heavily on only increasing the upper physique income tax. This is so important because at that place simply are non enough rich race in the world to efficiently balance the budget on the backs of the go across per centum. According to CBO figures, the government would remove to tax them at a rate of more or less 100 percent; by doing so, this filch 1 percent allow inevitably be shot into poverty. Resultantly, the government will have no plectron but to target the top 2 percent the near year and then the top 3 the following year. beforehand you know it, this cycle is in full swing and fountainhead your way. Because the U.S. is in desperate need for more efficient and effective way of collecting revenue, the resolution-that the US should prioritize tax increases over spending cuts is true.\n\nContention 1\nSin taxes boast the economic system effectively while in like manner helping fund health care programs. In an term entitled Tax and pass away for Better Health in March 2009, The Disease verify Priorities Project demonstrates the effectiveness of this liquefy of fiscal policies: Governments in develop and exploitation countries use fiscal policies-taxing and spending policies-to improve their nations health. These policies involve taxing alcohol and tobacco, subsidizing certain foods and medicines, and giving tax breaks to businesses or individuals to pay for health care. Experiences from dev eloping countries show that fiscal policies guide well when public institutions...