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Essay On Democratic Party

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The Democratic party believes that the wealthiest americans and the largest corporations must pay their fair share of taxes. Essentially, they are going to increase taxes for the upper-class while decreasing taxes for the middle-class. In order to accomplish this, the Democratic party plans to eliminate tax breaks for large corporations, repeal the excise tax on high-cost health insurance, and provide tax relief for middle-class families.
The Democratic party wants to “claw back tax breaks for companies that ship jobs overseas, eliminate tax breaks for big oil and gas companies, and crack down on inversions and other methods companies use to dodge their tax responsibilities”(@TheDemocrats). This means that the democratic party wants to impose more taxes onto larger corporations. The Republican party disagrees with this idea; saying things like, “ American businesses now face the …show more content…

nternational playing field by lowering the corporate tax rate to be on a par with, or below, the rates of other industrial nations.” (“What the GOP Platform Says About Taxes”) and “It reduces companies’ ability to compete overseas, encourages …show more content…

This will allow many more people to have access to affordable healthcare. The Democratic party states, “We will keep costs down by making premiums more affordable, reducing out-of-pocket expenses, and capping prescription drug costs”(McCanne, M.D. By Don).
By eliminating tax breaks for large corporations, repealing the excise tax on high-cost health insurance, and providing tax relief for middle-class families; the Democratic party hopes to boost the United States’ economy. They believe that increasing taxes on the upper-class and reducing taxes on the middle-class will allow citizens of the middle-class to have more money. This will also allow businesses to continue making money while paying their fair share of

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