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I. IntroII. Pros to raising taxes
A. Benefits of raising taxes1. More revenue2. Health benefits
B. Political Ramifications1. Balancing budgets2. Sharing the wealth
C. U.S. should raise taxes to help fix the deficit.1. Spending cuts and tax increases.2. Tax reform pursued.3. Contain health care cost in Medicare and Medicaid.
III. Cons to raising taxes
A. Unstable source of revenue1. Higher income is linked to stock market.2. This link could suffer shocks.3. Higher incomes less likely to invest.B. Hurts job creation.
Income before income taxes
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