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Taxes

Category: Economy
Updated Oct 23, 2025

Latest narrative

Updated Oct 23, 2025

How government raises revenue and who should bear the burden.

Tax policy affects how much citizens pay and how government funds its activities. Many Americans view the federal tax burden as too high or unfair: for instance, 59 % say their federal income taxes are too high and 65 % say the tax code is not fair. Debates range from lowering rates and simplifying the code to increasing taxes on corporations and high earners in order to fund social services.

Talking points

Conservative
  • Cut rates and simplify the code to spur growth.
  • End carve-outs and use broad bases with low rates.
  • Let families and small businesses keep more of what they earn.
Moderate
  • Close loopholes and keep rates competitive.
  • Stability and predictability matter for households and businesses.
  • Fund priorities without widening the deficit.
Liberal
  • Make the wealthy and corporations pay their fair share.
  • Use progressive taxation to reduce inequality.
  • Expand credits that help working families.
Source: manual

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