Issue Position: Taxes and the Economy

Issue Position

The 2017 Trump-Republican tax cuts did not receive one Democratic vote. Republicans passed this tax cut that will add at least $1.5 trillion to the national debt while giving millionaires and billionaires the overwhelming benefit. These unnecessary tax cuts have stimulated income inequality while adding $164 billion to the 2018 federal budget deficit. Their impact on job growth is limited since we are already in a full employment economy, with the unemployment rate in Minnesota below 3%. Now, with the uncertainty resulting from the trade war with China and the imposition of tariffs, it is clear that agriculture, manufacturing, and other economic sectors in Minnesota are at great risk of severe harm from Trump's economic policies.

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