Republicans in Washington, D.C. want to balance the budget by slashing Social Security, Medicare, Medicaid, food stamps, education and other federal programs that millions of Americans rely upon.

I have a better idea. At a time when we are experiencing more wealth and income inequality than at any time since the 1920s, and when Wall Street and large corporations are enjoying record breaking profits, I believe that we should be asking the very wealthiest people in this country to start paying their fair share of taxes. That way, we will not only lower the deficit but we will bring in enough revenue to invest in our economy and create the millions of new jobs we desperately need.

From both a moral and economic perspective, we must not balance the budget on the elderly, the children, the sick, working families, and the most vulnerable.

Here are 10 examples of how we can raise revenue and reduce spending in a fair way.