Thursday, January 2, 2020
The political debate about taxation in the United States.
The 2020 election in November will be fought over a wide array of policy areas, but one of the central debates will be over the appropriate taxation policy to pay for candidates’ pledges, without undermining the economy. Democratic presidential candidates, who enter primary elections from February to decide the nominee, have made major spending proposals. Meanwhile, President Donald Trump, the assumed Republican nominee, wants more tax cuts. Given political concern about increasing taxes, and US demographic changes, there is increasing attention towards assessing new areas for tax income.