Third Blog Post
There are a lot of political parties, not just Democrats and Republicans. A whole left to right spectrum, the left can have parties like the socialist, green party, or just liberals. The right spectrum can have parties like Facisit, Reactionaries, or conservatives. With all of these parties, where exactly did they come from? For a more simple explanation lets start with the two main parties that influence the government. Republicans and Democrats. Once America was split into two sides the north and the South during the civil war, each side had opposing views. During that time parties were being formed, Republicans called themselves that because they supported Thomas Jefferson, while around 30 years after Democrats got their name from Andrew Jackson. The civil war shaped parties even though they were different during that time than today. Democrats were usually pro-slavery, while Republicans were not pro-slavery. The parties were a way to divide America more than it already was. It helped people understand in a clear way what a candidate was mainly supportive of. In more recent times it seems like the parties have switched their views, (not saying Republicans are pro-slavery) but they are more likely to like tradition and how a law is already in effect.
Today with the rainbow of political parties, the people usually pick one of them and vote for their party. Parties are a simple way for the people of America to know what candidate they would like to vote for. Since each party has an outline of what they believe in, the parties make it easier to get their message across.
At the moment the party that is in control of our country is Republicans, which is a conservative party. A lot of people have their own opinions on our president and the Senate, whether it be negative or positive.
Last year, President Trump and the Republicans passed tax cut legislation which has affected people of America in multiple ways. Things that have changed is, It cuts individual income tax rates, doubles the standard deduction, and eliminates personal exemptions. For the most part, the tax cut legislation has reduced the amount of taxes for married and single people. It has reduced its percent by about 3% on average.
This chart from bloomberg.comshows how much money people will get back from their raxes based on how much money they make. The lowest quintile, which is people that on average make 14,170 a year will get .4% of their money back during taxes. Compare that to the people in the top quintile that get 2.9% of their money back. Meaning that this-this tax cut drastically benefits rich people and although people who are lower class get the money they aren't gaining as much as people with more money. All in all the tax cut affects lower class and lower-middle-class negatively people because they are disproportionally not get as much money back as the other classes.
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