Building a Stronger, Fairer Economy
Our economy was rigged against working families and the middle class long before the Trump administration. That is why Democrats commit to forging a new social and economic contract with the American people — a contract that invests in the people and promotes shared prosperity, not one that benefits only big corporations and the wealthiest few. One that affirms housing is a right and not a privilege, and which makes a commitment that no one will be homeless or go hungry in the richest country on earth. One that at last supports working families by securing equal pay for women and paid family leave for all. A new social and economic contract that at last grapples honestly with America’s long and ongoing history of racism and disenfranchisement, of segregation and discrimination, and invests instead in building equity and mobility for the people of color who have been left out and left behind for generations.
Democrats will fight to raise wages for working people and improve job quality and security, including by raising the federal minimum wage so it reaches $15 an hour by 2026. We know that strong American labor unions help increase wages and job standards for workers, which is why Democrats will prioritize repealing so-called “right to work” laws that undermine worker power. Democrats will reform the tax code to be more progressive and equitable, and reduce barriers for working families to benefit from targeted tax breaks. Our program of reform will provide immediate, marked relief for working families, including more generous, refundable tax credits to benefit low- and middle-income families, and easier and more equitable access to tax provisions that help working families build wealth, including by equalizing tax benefits for retirement contributions and providing more accessible tax breaks for homeownership.
Americans deserve an economy that works for everyone—not just for the wealthy and the well-connected. But our system has been rigged against the American people. Democrats believe that it is a moral and an economic imperative that we support working families by rebuilding the American middle class for the 21st century, making sure this time that everyone can make it and thrive, regardless of race, gender, sexual orientation, gender identity, disability status, national origin, age, or ZIP code.
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