Economy

Where the Parties Stand

Democratic Party Platform

  • “We believe that today’s extreme level of income and wealth inequality—where the majority of the economic gains go to the top one percent … makes our economy weaker, our communities poorer, and our politics poisonous.” (Page 1)
  • “We believe that Americans should earn at least $15 an hour and have the right to form or join a union…” (Page 3)
  • “We will increase investments to make quality childcare more affordable, boost wages for childcare workers, and support the millions of people paying for, coordinating, or providing care for aging relatives or those with disabilities.” (Page 5)
  • “We will preserve and increase the supply of affordable rental housing by expanding incentives to ease local barriers to building… We will substantially increase funding for the National Housing Trust Fund…” (Page 5)

Republican Party Platform

  • “Republicans consider the establishment of a pro-growth tax code a moral imperative.” (Page 1)
  • “To guard against hypertaxation of the American people in any restructuring of the federal tax system, any value added tax or national sales tax must be tied to the simultaneous repeal of the Sixteenth Amendment, which established the federal income tax.” (Page 2)
  • “We propose to level the international playing field by lowering the corporate tax rate to be on a par with, or below, the rates of other industrial nations.” (Page 2)
  • “We envision a worldwide multilateral agreement among nations committed to the principles of open markets, what has been called a “Reagan Economic Zone,” in which free trade will truly be fair trade for all concerned.” (Page 2)
  • “We propose the dynamic compassion of work requirements in a growing economy, where opportunity takes the place of a hand-out…. We call for removal of structural impediments which progressives throw in the path of poor people: Over-regulation of start-up enterprises, excessive licensing requirements, needless restrictions on formation of schools and day-care centers serving neighborhood families, and restrictions on providing public services…” (Page 32)

What the Bible Says

The Bible has much to say about money. Many parables and principles are discussed in Scripture, and a Biblical view of economics must include the whole of Scripture and many principles. Therefore, we can consider these principles for economic issues:

  • God must be glorified. 1 Corinthians 10:31 states all we do must glorify Him.
  • Private property and ownership must be respected. While everything belongs to God (Psalm 24:1), He has made us stewards of the resources He has provided (Genesis 1:26-28). An economic system must allow for individuals to have rights to use those resources without excessive impediment of government.
  • Evil and sin must be restrained. All have and will sin; therefore, the economic system should protect against evil intent and reward those acting righteously.
  • The defenseless must be protected. (Proverbs 29:7, Psalm 82:2-4, James 1:26-27).
  • The next generation should be left an inheritance (Proverbs 13:22).

"But seek the welfare of the city where I have sent you into exile, and pray to the Lord on its behalf, for in its welfare you will find your welfare." (Jer 29:7 ESV).

Vote by Issue