Yes
I do.
No
I don’t.
President Donald Trump is once again making the case that his economic policies have delivered stronger results for American taxpayers than those pursued during the Obama administration.
Taxes have long been one of the biggest dividing lines between Republicans and Democrats in Washington. Trump and his Republican allies have generally favored lower individual and business tax rates, arguing that allowing Americans and private companies to keep more of their earnings encourages investment, hiring and economic growth.
Democrats have traditionally taken a different approach, arguing that higher-income households and large corporations should contribute more in taxes to help finance government programs and reduce the burden on working- and middle-class Americans.
Trump has repeatedly promoted tax relief as a central part of his economic agenda. He has argued that reducing taxes can help American businesses compete, encourage companies to invest domestically and leave families with more money to spend or save.
The debate, however, involves more than simply comparing tax rates. Critics of broad tax cuts often raise concerns about federal deficits and the national debt, particularly when reductions in government revenue are not accompanied by comparable spending cuts. Supporters counter that stronger economic activity can generate additional revenue while giving taxpayers greater control over their own money.
For many Americans, the most important question is ultimately what happens to their household finances. Voters may judge a tax plan based on their paycheck, retirement savings, cost of living, business income and overall confidence in the economy.
Comparisons between Trump and former President Barack Obama also highlight two fundamentally different philosophies about the role of government in the economy.
Trump believes his approach to taxes is better for American workers, families and businesses than Obama’s policies were.