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WG Economy: Platform Analysis: What Do The

Two Parties Say About Taxes?

WG Economy | David Winston

September 4, 2024

In this week's edition, we're taking a look at what the two party platforms
say about taxes. Republicans have historically led on voter confidence to
handle the issue, but our latest numbers (July 23-25) show somewhat close
margins (+5 overall; +10 among independents) with the Republican lead being
under 50%. The Democratic platform is a much longer document (91 pages)
than the Republican platform (22 pages). There is more detail in the
Democratic references to taxes, most centering around eliminating the 2017
Tax Cuts And Jobs Act.

[2]Read more

WG Discussion Points: Serious Times Demand Serious Ideas

WG Discussion Points | David Winston

August 30, 2024

Kamal Harris' first foray into economic policy was panned as unserious and
full of gimmicks. Even the [3]Washington Post said she "squandered the
moment with populist gimmicks." Her attempt at inflation solutions led with
price gouging, met with eyerolls by most economists. Obama economist
[4]Jason Furman called it "not sensible policy... The biggest hope is that
it ends up being a lot of rhetoric and no reality."

Washington has declared victory over inflation and set its sights on a rate
cut. But for most Americans, inflation is not a political talking point. It
is a serious economic difficulty with a lasting impact. The cumulative rate
of inflation since the beginning of the Biden term is over 20%.

In our latest Winning the Issues survey (July 23-25), we took a fresh look
at how voters are coping with inflation. Our last look at this question was
in September 2022 when the year-over-year inflation was 8.2% compared to
today (2.9%). This was shortly after the peak of 9.1% in June of 2022. What
we found was that even though the inflation rate has moderated from the
2022 peak, there hasn't been any improvement in how voters are dealing with
it two years later. In fact the percentage saying they have adjusted well
has decreased from 19% to 15%. Most notably, there has been a slight uptick
in the "difficult" category going from 36% to 43%. This puts over half the
country (56%) saying inflation has been either difficult or catastrophic,
compared to 52% in 2022.

[5]Read more

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References

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2. [link removed] Economy September 4, 2024.pdf
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5. [link removed] Discussion Points August 30, 2024.pdf
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