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The Guardian - US
The Guardian - US
Business
Eduardo Porter

Democrats are playing with fire in trying to reclaim tax cuts from Republicans

Chris Van Hollen Tax Cuts United States Donald Trump Inequality OECD
Donkey with tax forms and dollar bills in its mouth.
The tax-cutting strategy endangers the prospect that the US might ever build a social contract based on a promise of shared prosperity. Illustration: Guardian Design/Getty Images

Soul-searching within the Democratic party is to be expected after its loss in the 2024 election. Donald Trump’s edge over Kamala Harris in voters’ perceptions of economic competence (perplexing though it now appears following a year of erratic policymaking) was bound to inspire a call to rethink the party platform.

Yet the second-guessing is steering the Democrats down a dangerous path to embracing a tax-cutting strategy that risks defeating the project to enable a healthier, more equitable society.

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