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Secondly, when it comes to the country's economics, republicans believe that to improve the standard of living in America, the government must cut taxes, balance the budget, provide more jobs, reduce government spending, and support free but fair international trade. The republicans believe that the money a person earns is for him or her to keep. Republicans also support the idea that government in a free society has the right to take only as much as is needed to perform limited functions that are appropriate. Republicans support to have an across-the-board 15 percents tax cut. Republicans believe that Americans should be allowed to keep more of their hard-earned money so that they can spend it on individual priorities. Republicans tolerate a Balanced Budget Amendment. The Balanced Budget Amendment will "gradually phased in over a short period with appropriate safeguards for national emergencies.".
Democrats established the belief that a government has a right to use the citizens' money as it sees fit, to redistribute wealth, and to give back to the citizens only the portion of a person's money that is politically expedient. They also believe that they have the right to establish new spending programs in times of budget surpluses. Democrats believe that "investing the money of the American people" can only encourage economic opportunity in the US. The increased government spending and tax raise are some of the beliefs of democrats to achieve a good economy. The democrats support the "targeted tax cut," which will not relieve the near record taxes by the American middle class. One example of the targeted tax cut was when Bill Clinton regulates the "tax hike." Until now, the "tax hike of Bill Clinton" is continuously paralyzing the middle-class American families. In order for the democrats to balance the budget, they would have to raise taxes. They also raise taxes to aid the party in funding its excessive government spending.
