Tax Increases and Spending Cuts

My partner and I some(prenominal) strongly affirm that the unite States should prioritize impose accessions oer spending cuts. With this, we believe the nearly beneficial approach would be to increase tax income revenuees through an increase on the sin tax. A sin tax is political science levied tax that is added to products or service that atomic number 18 seen as vices, with the spirit of discouraging individuals from partaking in such(prenominal) acts. Imposing a higher(prenominal) sin tax on those products/services condemned as self-aggrandizing would allow the governing body to chorus line from depending so heavily on solely increasing the amphetamine class income tax. This is so key beca drop there simply are not enough gamey people in the humankind to effectively balance the cipher on the backs of the top pct. fit to CBO figures, the government would need to tax them at a tramp of almost 100 percent; by doing so, this top 1 percent will unavoidably be shot int o poverty. Resultantly, the government will have no choice but to prey the top 2 percent the next year and then the top 3 the quest year. Before you know it, this troll is in full dangle and heading your way. Because the U.S. is in frightening need for more expeditious and effective way of assembling revenue, the resolution-that the US should prioritize tax increases over spending cuts is true.\n\n disputation 1\nSin taxes bollocks the economy effectively darn also helping investment trust wellness care programs. In an article entitled measure and Spend for Better health in March 2009, The affection Control Priorities Project demonstrates the speciality of this blend of monetary policies: Governments in developed and developing countries use fiscal policies-taxing and spending policies-to modify their nations health. These policies include taxing intoxicant and tobacco, subsidizing certain foods and medicines, and giving tax breaks to businesses or individuals to pay for health care. Experiences from developing countries show that fiscal policies work well when world institutions...