It is still too early to tell who will end up securing the Democratic nomination for the presidential election in 2020, but there is a good chance that the successful candidate will come from the party’s progressive wing and will support higher taxes on the wealthy to fund a significant expansion of Federal spending on social programs. We wouldn’t be surprised if, in response to rising inequality and the loss of well-paid manufacturing jobs, the eventual nominee also supports measures to raise the minimum wage rate and restrict free trade.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services