Key ideas and principles of the Republican party (Edexcel A-Level Politics): Flashcards

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Limited Government Intervention with Protection of American Trade and Jobs
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Negative freedom in Republican philosophy

Govt protects individual rights, not provides for needs

Tax Cuts and Jobs Act year

2017

Corporate tax rate change in 2017 Act

35% to 21%

Republican view on federal public healthcare

Oppose; prefer private sector/market-based solutions

Key component of Republican economic agenda re: regulations

Deregulation of businesses

Republican stance on American Recovery Act (2009)

Opposed; argued it increased debt & interfered with market

Dodd-Frank Act year

2010

Republican view of Dodd-Frank Act

Criticised; restricted financial institutions & growth

Balanced Budget Amendment support

Many Republicans advocate; requires balanced federal budget

1996 welfare reform act name

Personal Responsibility & Work Opportunity Reconciliation Act

Trump tariffs target country

China

USMCA replaced which agreement

NAFTA

Trump withdrew from which Pacific trade agreement

TPP (Trans-Pacific Partnership)

Trump's protectionist agenda name

America First

Republican view on federal vs state power

Pro-states' rights; favour decentralisation from federal govt

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