Progressive taxation is an economic idea generally supported by most liberals. The concept of progressive taxation is that the amount of money a person pays in taxes should be proportionate to their income. In other words, a person with high monthly income's taxes would be higher than those with a low monthly income's. Thus, the class gap plaguing the United States of America would be considerably less polarized than it is under our current economic system while the national debt would also decrease due to the extra income.
Due to their low income, high tax rates on those in poverty will not only push them further into poverty but will do little to help our nation's debt crisis. With the flat tax system, they will be paying the same percentage as those extremely wealthy Americans, which will dig us further into the hole we call our national debt. However, via progressive taxation, taxes on those below the poverty line in America can be significantly decreased, thus allowing for an easier path out of poverty. The top one percent of Americans, however, would be forced to pay more, thus covering the loss of income America would have received via a flat tax rate and netting the government much more money. Although, of course, this wouldn't solve the debt crisis in its entirety, which is currently a trillion-dollar issue, the nation's debt would build at a slower rate. If coupled with spending cuts to the armed forces, progressive taxation could be the answer to our nation's debt crisis.
Many conservatives argue that if we raise taxes on the "job creators," jobs will be lost. However, if the middle class is also given a tax break, more small businesses will soon follow, making up for the possible jobs lost on big corporations.