1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mamont248 [21]
2 years ago
9

How do modern Democrats and Republicans view taxation?

History
1 answer:
Anna [14]2 years ago
3 0

Answer:

The Democratic Party believes in cutting taxes for the middle and lower classes and raising them for the upper class. Democratic views on taxes also include the belief that an overhaul to the tax code and system are necessary. They vehemently oppose tax cuts such as those made by George W. Bush that provide relief to the wealthy in addition to the middle and lower classes, stating that the United States needs “a tax code that rewards work and creates wealth for more people, not a tax code that hoards wealth for those who already have it. With the middle class under assault like never before, we simply cannot afford the massive Bush tax cuts for the very wealthiest.” Democrats believe that, seeing as the 1990s were a prosperous time for America, tax code should be brought back to its state during this era.

Republican views on taxes include the belief that tax reduction is important, but must be done the right way. The party believes that budget surpluses have caused Americans to be overtaxed-a condition that is not only threatening their financial prosperity, but is also hindering (and possibly even reversing) growth to the country’s economy. They also want to limit the top marginal rate, believing it punishes those who have worked hard and invested well. Republicans also wish to make the Research and Development tax credit permanent. These three tax reforms combined, Republicans believe, will encourage and promote entrepreneurship. They also believe in encouraging saving and investments by implementing a tax credit for investments. However, despite their support for lowering taxes, Republicans do believe that tax cuts or tax incentives without any balancing spending cuts are detrimental to the economy.

You might be interested in
Which agreement was established as a response to the European Union
lana66690 [7]

Answer:

Among the options given on the question, option B is the answer.

The North American Free trade Agreement.

Explanation: North American Free Trade Agreement is treaty between Canada, Mexico and United States. NAFTA was the world largest free trade agreement which was signed on 1994 between these three countries. They agreed to remove all barriers to advance the trade facilities between these counties. However this treaty is seen as response to the European Union which was established on 1993 between the European countries to make sure the free trade and other possible facilities.

7 0
3 years ago
What are the four goals of foreign policy?
jeka57 [31]

imporving National Security, increesing International Trade, Promoting World Peace, Promote Democracy Around the World im sure

5 0
3 years ago
What aspect of the Byzantine Empire remained most consistent with the Roman Empire?
sladkih [1.3K]

Explanation: LAW

The necessity of fighting off invading groups was one aspect of the Roman Empire that continued into the Byzantine Empire. The Byzantine Empire, a very powerful and vast civilisation, emerged after the Roman Empire during Late Antiquity and the Middle Ages. Constantinople became its capital.

6 0
3 years ago
Read 2 more answers
what is the causes for "better relations occur between colonists and the powhatans after 1614" and causes for "The coloinists an
guapka [62]

Answer:

Explanation:

nop

7 0
2 years ago
Why did the British set up universal public education in India?
Shkiper50 [21]
The main reason why the British didn't set up universal public education in India is because they were occupying the nation and didn't want the natives to be educated on the fact that these types of occupations were usually considered to be bad--since this could have led to uprisings. 
4 0
3 years ago
Other questions:
  • What is the MOST LIKELY reason for an increase in the price of a specific stock?
    12·2 answers
  • Which of the following were significant factors in the growth of the conservative movement? Select two
    7·2 answers
  • Native-born americans who saw the influx of new immigrants to the united states with concern were called
    5·1 answer
  • By the early 1800's, much of Europe still had a less efficient transportation system than A. the Roman Empire. B. the Safavid Em
    10·1 answer
  • What were some social divisions in Greek society?
    5·1 answer
  • A western cultural phenomenon, beginning around 1750 and ending about 1850, that gave precedence to feeling and imagination over
    11·1 answer
  • I need answers for this 3 questions plz!
    9·1 answer
  • PLEASE HELP QUCIK
    5·1 answer
  • How does Cesar Chavez inspire others?
    11·1 answer
  • Why did many French people advocate for the abolition of slavery in the aftermath of the French Revolution?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!