Shall we raise taxes?

Think about it. What do you want? More revenue, or lower revenue. If history is any guide, lowering taxes will generate more revenue for the government (cf. Kennedy tax cut, Reagan tax cut, and, yes, the Bush tax cut).

Obviously, there are limits, but at the margin lower taxes mean higher revenue. The real issue is control (see my comment on Eric's comment on Social Security). People who lean toward raising taxes are really driven by their bias for control by the State. They know better how to steer your life than you do. You'll just blow the money on things you want, like a new Dodge Ram, whereas they will set it aside for things you really need, like new programs in education, or a new subway.

If you like being taken care of, turn Left. If you like cutting your own path, it's on the Right.