In the field of economic policy, Democrats favor high taxes, higher government spending and a relatively high minimum wage. While they defend these policies as compassionate and socially responsible, people in favor of liberal economics reply that they depress economic growth and stifle enterprise and job creation. | In the field of economic policy, Democrats favor high taxes, higher government spending and a relatively high minimum wage. While they defend these policies as compassionate and socially responsible, people in favor of liberal economics reply that they depress economic growth and stifle enterprise and job creation. |