Democratic and Republican Parties. Class Notes. Key Idea. The Democratic Party and the Republican Party have differing views on the role of government. Party Similarities.
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The parties agree that there should be a “safety net” but they disagree on how big and expensive it should be, who should be eligible, and whether it is publicly or privately funded (who should pay for it?).
Publicly funded means that the government pays for it.
There should be a progressive tax system (people with higher incomes should pay higher taxes than people with lower incomes. They believe high earners got their money from society and therefore owe society a larger share of their income.
Democrats criticize “Reaganomics” and call it “Trickle-down economics” that favors the rich over the poor.
Favor reduction of environmental regulations (There should be fewer government rules about the environment. These rules hurt the economy. Individuals and businesses will compete and this competition will result in lower emissions and help the environment).
Definition: Universal health care is health care coverage for all eligible residents of an area and often covers medical and dental care. Typically, costs are covered mostly by publicly-funded programs.