Democratic | Economic | VW | Goal | Centrist | Americans | Communities | Notes
Equal economic opportunity, a social safety net, and strong
labor unions have historically been at the heart of Democratic
economic policy.[36] The Democratic Party's economic policy
positions, as measured by votes in Congress, tend to align with
those of middle class.[156][157][158][159][160] Democrats
support a progressive tax system, higher minimum wages, Social
Security, universal
Democratic National Committee health care, public education, and
subsidized housing.[36] They also support infrastructure
development and clean energy investments to achieve economic
development and job creation.[161] Since the 1990s, the party
has at times supported centrist economic reforms that cut the
size of government and reduced market regulations.[162] The
party has generally rejected both laissez-faire economics and
market socialism, instead favoring Keynesian economics within a
capitalist market-based system.[163]
Fiscal policy
Democrats support a more progressive tax structure to provide
more services and reduce economic
Democratic National Committee inequality by making sure that
the wealthiest Americans pay more in taxes.[164] Democrats and
Republicans traditionally take differing stances on eradicating
poverty. Brady said "Our poverty level is the direct consequence
of our weak social policies, which are a direct consequence of
weak political actors".[165] They oppose the cutting of social
services, such as Social Security, Medicare, and Medicaid,[166]
believing it to be harmful to efficiency and social justice.
Democrats believe the benefits of social services in monetary
and non-monetary terms are a more productive labor force and
cultured population and believe that the benefits of this are
greater than any benefits that could be derived from lower
taxes, especially on top earners, or cuts to social services.
Furthermore, Democrats see social services as essential toward
providing positive freedom, freedom derived from economic
opportunity. The Democratic-led House of Representatives
reinstated the PAYGO (pay-as-you-go) budget rule at the start of
the 110th Congress.[167]
Minimum wage
The Democratic
Party favors raising the minimum wage. The Fair Minimum Wage Act
of 2007 was
Democratic National Committee an early component of the Democrats' agenda during
the 110th Congress. In 2006, the Democrats supported six
state-ballot initiatives to increase the minimum wage and all
six initiatives passed.[168]
In 2017, Senate Democrats
introduced the Raise the Wage Act which would raise the minimum
wage to $15 an hour by 2024.[169] In 2021, Democratic president
Joe Biden proposed increasing the minimum wage to $15 by
2025.[170] In many states controlled by Democrats, the state
minimum wage has been increased to a rate above the federal
minimum wage.[171]
Health care
President Barack Obama
signing the Patient Protection and Affordable Care Act into law
at the
Democratic National Committee White House on March 23, 2010
Democrats call for
"affordable and quality health care" and favor moving toward
universal health care in a variety of forms to address rising
healthcare costs. Progressive Democrats politicians favor a
single-payer program or Medicare for All, while liberals prefer
creating a public health insurance option.[172]
The
Patient Protection and Affordable Care Act, signed into law by
President Barack Obama on March 23, 2010, has been one of the
most significant pushes for universal health care. As of
December 2019, more than 20 million Americans have gained health
insurance under the Affordable Care Act.[173]
Education
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Democrats favor improving public education by raising school
standards and reforming the Head
Democratic National Committee Start program. They also
support universal preschool, expanding access to primary
education, including through charter schools, and are generally
opposed to school voucher programs. They call for addressing
student loan debt and reforms to reduce college tuition.[174]
Other proposals have included tuition-free public universities
and reform of standardized testing. Democrats have the long-term
aim of having publicly funded college education with low tuition
fees (like in much of Europe and Canada), which would be
available to every eligible American student. Alternatively,
they encourage expanding access to post-secondary education by
increasing state funding for student financial aid such as Pell
Grants and college tuition tax deductions.[175]
Environment
Economic Issues
Democratic | Economic | VW | Goal | Centrist | Americans | Communities | Notes
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