The Harris/Walz Democratic presidential ticket has popularized the slogan “We Won’t Go Back.” The “back” they are referring to is the chaotic four years of Donald J. Trump’s first presidential administration, as well as a pre-Roe v. Wade era of unsafe abortions. But the catchy Democratic rallying cry could just as easily apply to Trump’s economic policies, particularly his tax and international trade policies, which would take the United States back not just to Trump’s presidency but to the late 19th century—back to an era when regressive tariffs and the absence of progressive income taxes fueled the massive inequalities of the first Gilded Age. [time-brightcove not-tgx=”true”]
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