Should Congress Increase Taxes

When an issue is underfunded in government, it is typically because the people do not care about it enough to fund it. This is alarming because if America does not start paying attention to bridge infrastructure it will cause economic and safety problems in the future. One possible economic disaster that can come from this is that America will not have sufficient bridges to transport goods. This is important because if logistics are interrupted, economic productivity decreases. Another, more definite, economic disaster is that the longer the country fails to maintain its infrastructure the more it must spend on it later. According the American Society of Engineers, America will have to invest approximately 3.9 trillion dollars to fix the infrastructure problem (ASCE). Additionally, as the number of deficient bridges increases so does the potential for terrorist attacks because the country will have more vulnerabilities. This also causes social concern because then the population feels

Government spending in the United States needs to change and it needs to change soon. As mentioned earlier, in 2012 nearly a third of governments budget

Examples of social infrastructures are education, housing, health, sanitation, and water supply. Education helps produce well-educated people like scientists, technologist, and engineers. In the article "Major Issues Facing Texas" by Biar states,"we are faced with how to pay for education and whether or not the way we educate is outdated" I believe we need to increase school taxes on taxpayers, and everybody pay for lunches for grades K-12 schools need more money to advance along with technology (5). For college, raise tuition even although it is already high but focus more on skill based and technical schools. Another ongoing issue is health care. Also in the same article "Major Issues Facing Texas" by Biar states, how to pay for it and how much to pay for" which is a question for many individuals making minimum wage (4). By decreasing the amount spent on Medicaid per individual allows health insurance to decrease in price making it a lower expensive out people's pockets who don't get government

It's 19 percent of what we spend every year.( Doc C) Enough on that though we can also cut costs on other things too like Social services because we are handing money to people. I don't see how that does anything for the country, we should bring back the CCC and make more jobs. That way America gets invested into and we stop handing out money. If they need money they can help work for it not be handed tax money. We also need to take some of the cut money from the Big 5 and put more into FBI because they can stop terrorists before they strike. That is currently the biggest threat against the United

While the fear of government default is approaching, there are solutions to this problem. The first is raising the debt ceiling, this avoids default that results in government shutdown and effects state and local government by losing Medicaid, highway construction and lower tax collections (Cooper and Story). The debt ceiling allows Congress the influence over spending

For Science and Technology: $10 billion for new scientific facilities (increase) and $6 billion to improve internet access in rural areas (Increase). For the Infrastructure: it included $30 billion for highways (Increase), $31 billion to modernize federal buildings and infrastructure(Stimulate) , $19 billion for clean water (Stimulate), and other environmental investments, and $10 billion to improve public transit and rail infrastructure(Stimulate) . For Education: $41 billion for local school districts(Increase) , $79 billion to maintain schools (Stimulate) , $15.6 billion to broaden the federal Pell Grant program (need based grants to fund education)(Increase), and $6 billion to modernize higher education programs(Stimulate). For Health Care: $87 billion for Medicaid (Increase), $20 billion to improve technology in the medical field (Increase), and $4 billion to improve preventative care (increase). The plan also includes $140 billion directed towards tax cuts of $500 per worker or $1,000 per family over two years, expand tax credits for working poor with children, and a $2,500 college tuition credit. All of this is a part of the G in the C+I+G+Xn, GDP Formula. Gsavings= Taxes -Gov’t Spending-Xn (Exports – Imports). The Treasury’s $700 Billion in TARP funds, which were originally aimed at stabilizing the financial sector, should be used to provide relief to other industries and “for things that look more like stimulus and less like asset purchases.” Some of the things that this includes is: Automatic economic stabilizers like the extension of unemployment insurance, the expansion of health insurance, Mortgage relief for those American’s facing default, the federal reserve’s purchase of mortgage-backed securities and other types of securities in need in the future, and an

In recent news headlines, the Liberal Party of Canada headed by Justin Trudeau have discussed very tangible stimulants for our economy. Through continued downward spiral of our economy by the conservative government in past years, we can see that it is no easy task and therefore drastic measures are necessary for success. $125 billion dollars drastic. The old saying you need to spend money to make money needs to be looked at. The economy needs money in it to stimulate growth. In the CBC news article "Justin Trudeau says Liberals plan 3 years of deficits to push infrastructure" which can be found at http://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-deficits-1.3205535, Trudeau outlines plans to spend $125 billion on

If our government didn’t spend anything would we have any type increase in our economy? I do not thing we would. Who would pay for the necessity things we need in order to thrive as a country. How would we keep up with our transportation system, invest in our future or keep us from totalitarianism? We have to have some type involvement from the government. I the 2016 election outcome came due to the fact that a lot of people felt like President Obama and his administration implicated too many policies that increase government spending. Such policies geared towards health care reform and income inequality. All in which increased taxes for each individual. I think a lot of people feel like the last eight years of government spending cost the tax payers a lot of unnecessary money. People were paying taxed for programs they didn’t support or agree with. “In fiscal year 2015, the federal government spent $3.7 trillion, amounting to 21 percent of the nation’s gross domestic product (GDP). Of that $3.7 trillion, over $3.2 trillion was financed by federal revenues. The remaining amount ($438 billion) was financed by borrowing. As the chart below shows, three major areas of spending each make up about one-fifth of the budget” (Center on Budget and Policy Priorities). This article outlines the major areas of spending which are

Debt.” 21). In other words, at least one-fifth of tax money did not bring US citizens any benefits. Besides, less capital is available for the federal government to invest in the

Federal spending is a controversial topic due especially to the growing budget deficit. Millions of American citizens pay taxes each year helping to fund the Federal Budget. Although American citizens’ tax dollars are spent by the Federal Budget, how the resources are divided and spent are not always a proper reflection of how society wants the resources to be allocated. In 2013, Washington spent nearly $3.5 trillion, while only collecting $2.8 in revenue, adding billions to the budget deficit. Where do these tax dollars go? Approximately, 23% was spent on health care such as Medicare, 22% on Social Security, 19% on national defense, 19% on

Every family, every community, and every business needs infrastructure to thrive (ASCE). It is evident that we are dependent on our nation’s infrastructure, but as Andrew Soergel, an economy reporter at U.S. News states, “We need to stop talking about infrastructure as simply an engineering prospect and more as an economic one.” He’s right as infrastructure projects currently make up a vast part of our economy, nearly 11 percent of the American workforce today is employed directly in infrastructure sectors (USNEWS). In a report on the American Recovery and Reinvestment Act, the Congressional Budget Office wrote that, “Spending on infrastructure created the second-most economic activity for each dollar spent.” This power comes from the strong economic activity that is generated by the direct hiring of workers to build the needed infrastructure, as well as the boost from the increased spending of those newly hired workers. National Editor of Forbes magazine Robert Lenzner estimates that long-term infrastructure investment programs are bound to create 23,000 jobs for every $1 billion of investment. This will help lower unemployment and raise GDP. The long-term health of the economy is also helped by strong public infrastructure because it helps to boost the productivity of workers and businesses in the private sector. Well-maintained roads, for example, allow

Consequently, everyone who makes a living in the United States is expected to contribute a portion of their salary to the federal government in the form of taxes. That money is used to fund the day-to-day operations of the federal government, as well as social programs such as Medicare, Medicaid and Social Security, the national defense budget, benefits for retired federal employees and veterans, public education, national infrastructure, including the highway system, and many other aspects of American life ("Taxing Millionaires", 1). The United States requires additional monies to fund all these necessities. If it possessed enough revenue to fund all of these programs, and still have money left, the United States would be one of the most advanced countries, and would rise to an unstoppable economy. If insufficient amounts of money are collected from income tax, schools won't receive the revenue needed to provide programs. As a result, schools would be forced to cut spending, leading to decreased interventions and opportunities needed for each learner. One of the

In my opinion, raising the taxes to an unnecessary amount fueled the fight for independence, making it the strongest justification for independence. My reasons for justifying this are at the people's level, not at the intelligentsia level. First and foremost, to gain independence you must have the support of the people. These people will fight for your cause, without them, you will lose. So, raising taxes was something everyone could relate too, and it angered the majority of the people in the colonies. This anger fueled their will to fight against a powerful nation such as England. For example, the founding fathers couldn’t use; the king dispels his Representative House at will if they disagree with him. The majority of people can’t

Some might see this as a great expense with an increase of taxes. Yet, Congress

Government spending has been a major concern for numerous years. Many individuals believe the United States is the land of opportunity and the most powerful country in the world, but we're heading into another potential financial crisis. The U.S. has currently exceeded twenty trillion dollars in national debt from fighting unnecessary wars, economic stimulus packages, tax cuts, wasteful spending and lastly, government corruption. Although there is transparency in where taxpayers funding is allocated, I believe more accountability is needed within our government. If the United States continues adding to its enormous debt, we could also experience a credit default. If the U.S. were to default for example, the value of the dollar would drop, interest rates would rise causing inflation and for these reasons, it could lead to another recession. While some policymakers believe increasing taxes is the solution to our debt concerns, the government needs to cut spending and eliminate deficits. Many economists claim that cutting spending will only hurt the economy, but it has been attested spending cuts would shift resources from mismanaged government programs to more productive private activities, furthermore increasing the overall gross domestic product. I believe the government needs cuts within public spending in order to reduce the national debt.