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Suggesting that a progressive approach to the economy will harm the country despite the fact that other wealthy nations already invest heavily in making low- and middle-income “more comfortable” by taxing corporations and very high earners Pence touted the Republicans’ aim to “cut taxes” and “roll back regulations.”
The vice president didn’t mention how the Trump administration’s 2017 tax cuts overwhelmingly benefited wealthy households and powerful corporations, with corporate income tax rates slashed from 35% to 21%, corporate tax revenues plummeting, and a surge in stock buybacks while workers saw “no discernible wage increase” according to a report released last year by the Economic Policy Institute and the Center for Popular Democracy.