Republican Party (United States)

====Taxes====
Tax cuts have been at the core of Republican economic policy since 1980.<ref>{{Cite web|url=https://www.bloomberg.com/view/articles/2019-01-18/republicans-fell-in-love-with-tax-cuts-thanks-to-reagan|website=www.bloomberg.com|title=Why Republicans Fell in Love With Tax Cuts|last=Fox|first=Justin|date=January 18, 2019}}</ref> At the national level and state level, Republicans tend to pursue policies of tax cuts and deregulation.<ref name="Grumbach-2021">{{Citation |last1=Grumbach |first1=Jacob M. |title=The Political Economies of Red States |date=2021 |work=The American Political Economy: Politics, Markets, and Power |pages=209–244 |editor-last=Hertel-Fernandez |editor-first=Alexander |publisher=Cambridge University Press |isbn=978-1316516362 |last2=Hacker |first2=Jacob S. |last3=Pierson |first3=Paul |editor2-last=Hacker |editor2-first=Jacob S. |editor3-last=Thelen |editor3-first=Kathleen |editor4-last=Pierson |editor4-first=Paul |url=https://www.cambridge.org/core/books/american-political-economy/political-economies-of-red-states/BEE22FE6AAB57A14FF10F807E02116BB |access-date=November 10, 2021 |archive-date=November 23, 2021 |archive-url=https://web.archive.org/web/20211123114921/https://www.cambridge.org/core/books/abs/american-political-economy/political-economies-of-red-states/BEE22FE6AAB57A14FF10F807E02116BB |url-status=live}}</ref> Modern Republicans advocate the theory of [[supply side economics|supply-side economics]], which holds that lower tax rates increase economic growth.<ref>{{cite news|url=https://www.economist.com/node/21530093|newspaper=[[The Economist]]|title=Diving into the rich pool|date=September 24, 2011|access-date=January 13, 2012|archive-url=https://web.archive.org/web/20120112210317/http://www.economist.com/node/21530093|archive-date=January 12, 2012|url-status=live}}</ref> Many Republicans oppose [[progressive taxation|higher tax rates for higher earners]], which they believe are unfairly targeted at those who create jobs and wealth. They believe private spending is more efficient than government spending. Republican lawmakers have also sought to limit funding for tax enforcement and [[Revenue service|tax collection]].<ref name="How the IRS Was Gutted">{{cite web|url=https://www.propublica.org/article/how-the-irs-was-gutted|title=How the IRS Was Gutted|last=Paul Kiel|first=Jesse Eisinger|date=December 11, 2018|website=ProPublica|access-date=December 11, 2018|archive-url=https://web.archive.org/web/20181211132205/https://www.propublica.org/article/how-the-irs-was-gutted|archive-date=December 11, 2018|url-status=live}}</ref> 

As per a 2021 study that measured Republicans' congressional votes, the modern Republican Party's economic policy positions tend to align with business interests and the affluent.<!--A version of this sentence was added per the RfC at [[Talk:Republican Party (United States)#RfC: Affluent interests and business interests]]. Do not remove without consensus.--><ref name=":2">{{Cite journal|last1=Grossmann|first1=Matt|last2=Mahmood|first2=Zuhaib|last3=Isaac|first3=William|date=2021|title=Political Parties, Interest Groups, and Unequal Class Influence in American Policy|url=https://www.journals.uchicago.edu/doi/10.1086/711900|journal=The Journal of Politics|volume=83|issue=4|pages=1706–1720|doi=10.1086/711900|s2cid=224851520|issn=0022-3816|access-date=January 13, 2022|archive-date=October 29, 2021|archive-url=https://web.archive.org/web/20211029170940/https://www.journals.uchicago.edu/doi/10.1086/711900|url-status=live}}</ref><ref>{{Cite book|last=Bartels|first=Larry M.|url=https://muse.jhu.edu/book/64558|title=Unequal Democracy: The Political Economy of the New Gilded Age|edition=2nd|date=2016|publisher=Princeton University Press|isbn=978-1400883363|access-date=January 13, 2022|archive-date=November 5, 2021|archive-url=https://web.archive.org/web/20211105222439/https://muse.jhu.edu/book/64558|url-status=live}}</ref><ref>{{Cite journal|last1=Rhodes|first1=Jesse H.|last2=Schaffner|first2=Brian F.|date=2017|title=Testing Models of Unequal Representation: Democratic Populists and Republican Oligarchs?|url=http://www.nowpublishers.com/article/Details/QJPS-16077|journal=Quarterly Journal of Political Science|volume=12|issue=2|pages=185–204|doi=10.1561/100.00016077|access-date=January 13, 2022|archive-date=October 29, 2021|archive-url=https://web.archive.org/web/20211029183431/https://www.nowpublishers.com/article/Details/QJPS-16077|url-status=live}}</ref><ref>{{Cite journal|last1=Lax|first1=Jeffrey R.|last2=Phillips|first2=Justin H.|last3=Zelizer|first3=Adam|date=2019|title=The Party or the Purse? Unequal Representation in the US Senate|url=https://www.cambridge.org/core/journals/american-political-science-review/article/abs/party-or-the-purse-unequal-representation-in-the-us-senate/286BFEAA039374759DE14D782A0BB8DD|journal=American Political Science Review|language=en|volume=113|issue=4|pages=917–940|doi=10.1017/S0003055419000315|s2cid=21669533|issn=0003-0554|access-date=January 13, 2022|archive-date=October 29, 2021|archive-url=https://web.archive.org/web/20211029000457/https://www.cambridge.org/core/journals/american-political-science-review/article/abs/party-or-the-purse-unequal-representation-in-the-us-senate/286BFEAA039374759DE14D782A0BB8DD|url-status=live}}</ref><ref>{{Cite book|last1=Hacker|first1=Jacob S.|url=https://books.google.com/books?id=Kqu6DwAAQBAJ|title=Let them Eat Tweets: How the Right Rules in an Age of Extreme Inequality|last2=Pierson|first2=Paul|date=2020|publisher=Liveright Publishing|isbn=978-1631496851|language=en}}</ref>