Democrats Want to be Economic Populists. Why Are They Clinging to a Flawed Reagan-Era Tax Credit?

Democrats Want to be Economic Populists. Why Are They Clinging to a Flawed Reagan-Era Tax Credit?

Tuesday’s presidential debate confirmed that the Democratic Party’s center of gravity has fundamentally shifted. The contenders projected a willingness to abandon the long-held shibboleths of liberal economic policymaking, embracing measures like universal child care, free college, public health care, and debt cancellation. Even the most moderate candidate on stage, Minnesota Sen. Amy Klobuchar, said she was open to a wealth tax. All of them lamented the yawning gap between rich and poor in America. Yet most of the candidates’ plans to fight economic inequality rely on expanding an anti-poverty program that has come under increasing fire for not living […]

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