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Pro

1. Efficiency of Tax Increases - A government’s priorities ought to be determined by what is the most efficient option for accomplishing its goals. Tax increases are more efficient than spending cuts. Pragmatically speaking, they are easier to push through congress because they are not subject to as much quibbling as spending reform. Taxes are the most direct for of revenue for the federal government, and the rich can definitely afford to pay more in taxes.

2. Effectiveness of Tax Increases – A government should do what is most effective in accomplishing its goals. While spending cuts may help us save money, they do not allow us to direct funds toward new initiatives which will help rebuild our economy. The new educational and healthcareinitiatives which are now being put into place require money.

Con

1. Tax Increases are Unnecessary - We spend more on defense than the next 27 countries combined. We spend more per capita on healthcare than any other nation, and we’re in the top 10 per capita spending on education. We clearly don’t need more money. We need to spend it more wisely. If we fixed our government programs and allocated money more appropriately, increased taxes would be unnecessary.

2. Tax Increases Harm Small Business – This is a fairly obvious point. If we increase taxes, it makes it more difficult for small businesses to operate. Small businesses are a large driving for economic growth and success, and we really shouldn’t hinder them.

3. Spending Cuts are More Effective - Spending cuts don’t happen often, but when they do, they show remarkable results. The $200 billion decrease in military spending had an immediate positive impact on the economy that few people talk about. Harlem Children’s Zone is another great example of how managed spending can still yield good results and outcomes. Throwing money at problems doesn’t fix them. If stop spending as much money, it forces us to evaluate how to spend it most effectively....