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Jim Banks on Economy & Taxes
U.S. Senator, Indiana
Party positions reflect the 2024 national platforms. Senator Banks's record is based on sponsored legislation from Congress.gov. MyPolity presents all positions without editorial judgment.
Democratic Position
Democrats support progressive taxation, with higher rates on top earners and corporations to fund public investment. The party favors raising the minimum wage, strengthening unions, and expanding worker protections. Democrats generally support government investment in infrastructure, education, and social programs as drivers of broad economic growth.
Republican Position
Republicans favor lower taxes across income levels, with particular emphasis on cutting corporate and capital gains taxes to stimulate investment and job creation. The party supports deregulation, reduced government spending, and free market solutions over federal programs as the primary engine of prosperity.
Senator Banks's Record
Senator Banks's record largely aligns with the Republican platform on this issue. They have sponsored 2 bills in this area. They are most active in Armed Forces and National Security.
View full voting record on Congress.gov →