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Will Higher Taxes Decrease the Deficit?

Wednesday, 25 Aug 2010 | 7:44 AM ET

This week, Squawk on the Street Co-Anchor Mark Haines argued that tax cuts would make the nation's already high deficit worse.

Today, we want to know your thoughts. Do you think that tax increases would help to lower the United States' massive deficit? Share your opinion below:


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  • Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

  • Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.

  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

  • Co-anchor of CNBC's "Squawk on the Street," David Faber also is a co-producer of CNBC's original documentaries.

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.