answersLogoWhite

0


Best Answer

This is a complex question, and often draws biased and often nonsensical opinions from either side. As best as I can keep it unbiased and general:

True conservative fiscal policy tends toward smaller government, less government spending and involvement in the market, and lower taxes. Conservative policy also tends to favor a less graduated tax rate, where the higher earners do not pay a larger percentage.

True liberal fiscal policy tends toward more government regulations over business, higher government spending for the public good, and higher tax rates, especially for the rich and corporations.

In the US today, neither the liberals or the conservatives are truly focused on their pure intentions. Instead, both parties are in favor of tax cuts and both are in favor of higher spending. They simply disagree about where the tax cuts should be made and what the funding should be spent on. Both parties shy away from true economic responsibility, because the idea is unpopular with voters.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is conservative and liberal economic policy?
Write your answer...
Submit
Still have questions?
magnify glass
imp