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Blinder and Watson estimated the average Democratic real GDP growth rate at 4.3%, vs. 2.5% for Republicans, from President Truman's elected term through President Obama's first term, which ended January 2013. [1] This pattern of faster GDP growth under Democratic presidents continued after Blinder and Watson published their study; GDP grew ...
Democrats believe the benefits of social services include a more productive labor force and that the benefits of this are greater than any benefits that could be derived from lower taxes, especially on top earners. Furthermore, Democrats view social services as essential to providing positive freedom (i.e., freedom derived from economic ...
The positions of the Republican Party have evolved over time. Currently, the party's fiscal conservatism includes support for lower taxes, gun rights, government conservatism, [ 4] free market capitalism, free trade, [ 5] deregulation of corporations, and restrictions on labor unions. The party's social conservatism includes support for gun ...
On issues including immigration, abortion, same-sex marriage, guns, and taxes, he found Democrats drifting strongly towards the liberal position, while Republicans shifted a bit more conservative ...
Republicans are getting ready to fast-track the extension of the Trump tax cuts through the reconciliation process if they win big in November. Nearly seven years after the GOP used budget ...
Democrats argue for the wealthy to pay more via higher income tax rates, while Republicans focus on lowering income tax rates. While both parties discuss reducing tax expenditures (i.e., exemptions and deductions), Republicans focus on preserving lower tax rates for capital gains and dividends, while Democrats prefer educational credits and ...
Fiscal conservatism is the economic philosophy of prudence in government spending and debt. The principles of capitalism, limited government, and laissez-faire economics form its ideological foundation. [2] [3] Fiscal conservatives advocate the avoidance of deficit spending, the lowering of taxes, and the reduction of overall government ...
v. t. e. The Republican Party, retroactively called the Democratic-Republican Party (a modern term created by modern historians and political scientists), and also referred to as the Jeffersonian Republican Party among other names, [ a] was an American political party founded by Thomas Jefferson and James Madison in the early 1790s that ...