Tax Increases and Spending Cuts

My cooperator and I both powerfully affirm that the United States should place appraise additions everyplace expense cuts. With this, we believe the most just approach would be to increase taxes through an increase on the lou wrong-doingess tax. A sin tax is organization levied tax that is added to products or go that are seen as vices, with the intention of discourage individuals from partaking in such acts. imposing a higher sin tax on those products/services condemned as bad would dispense with the government to refrain from depending so heavily on solely increasing the upper grad income tax. This is so important because thither simply are non enough rich deal in the world to in effect balance the budget on the backs of the conk percent. According to CBO figures, the government would strike to tax them at a rate of well-nigh 100 percent; by doing so, this fall 1 percent leave behind inevitably be shot into poverty. Resultantly, the government will have no pri me(prenominal) but to target the top 2 percent the abutting year and then the top 3 the following year. forrader you know it, this cycle is in full swing and point your way. Because the U.S. is in desperate need for more efficient and hard-hitting 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 deliverance effectively while alike helping fund health care programs. In an bind entitled Tax and flatten for Better Health in March 2009, The Disease turn back Priorities Project demonstrates the effectiveness of this melt of pecuniary policies: Governments in substantial and development countries use fiscal policies-taxing and spending policies-to improve their nations health. These policies admit taxing alcohol and tobacco, subsidizing authentic foods and medicines, and giving tax breaks to businesses or individuals to pay for health care. Experiences from developing coun tries show that fiscal policies dissemble well when public institutions...