Raising Taxes on Wealthy and Lowering for Middle Class Pros
Some pros of raising taxes on the wealthy would be that there is more money for the nations defense, education, healthcare, social security and more government funded programs/services. Also, raising taxes on the wealthier citizens could potentially help pay the debt that we are currently in.
Raising Taxes on Wealthy and Lowering for Middle Class Cons
Some cons of raising taxes on the wealthy would be that it could slow the economy. Taxes rates increasing would decrease the income of the wealthy, creating less revenue and slowing the economy. Also, the rates originally targeted for the wealthy may come back and hit the middle class.
Where Our Party Stands
The Wambach Party believes that the tax rates should be raised for the wealthier people, and lowered for the middle class. Giving that the people with more income give more, we would have more money to fund government programs/services. With having more money, we would also be able to pay the debt that the U.S. is currently in, helping create a brighter and debt-free future for generations to come.