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Compare And Contrast Democrats And Republicans

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Republicans and Democrats think differently when it comes to forming a U.S. economic policy. On average, Republicans make tax cuts their highest priority, since they prefer the idea that reducing the role of the government in the economy will stimulate economic growth and promote investment. They also adopted the idea of supply-side economics and prefer regressive taxes, or a flat tax rate, that taxes all income at the same percentage regardless of earnings. Thus, Republicans justify that the policy encourages individuals to become creative investors and productive workers. Democrats on the other hand, favor higher levels of public spending, since they need taxes to fund government programs. Furthermore, they prefer progressive taxation, in
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