I. Intro
II. Pros to raising taxes

A. Benefits of raising taxes
1. More revenue
2. Health benefits

B. Political Ramifications
1. Balancing budgets
2. 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 revenue
1. Higher income is linked to stock market.
2. This link could suffer shocks.
3. Higher incomes less likely to invest.
B. Hurts job creation.