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In American political theory, fiscal conservatism or economic conservatism [1] is a political and economic philosophy regarding fiscal policy and fiscal responsibility with an ideological basis in capitalism, individualism, limited government, and laissez-faire economics.
Fiscal conservatism advocates restraint of progressive taxation and expenditure. Fiscal conservatives since the 19th century have argued that debt is a device to corrupt politics; they argue that big spending ruins the morals of the people, and that a national debt creates a dangerous class of speculators.
Fiscal conservatives (or classical liberals) advocate small government, tax cuts, and lower government spending. Americans that identify as conservative will typically support most or all of these ideas to some extent, arguing that small government and traditional values are closely linked. [104]
Carter often described himself as a “conservative progressive,” which he defined as being “a fiscal conservative, but quite liberal on such issues as civil rights, environmental quality, and ...
Seeking a more positive definition, the Conservative Political Action Conference, or CPAC, defines conservatism as "the political philosophy that sovereignty resides in the person.
The lieutenant governor said he plans to run both in 2026 and again when Vance's seat is up for re-election in 2028.. As a "fiscal conservative," one issue sure to test Husted upon arriving at the ...
Originally opposed to capitalism and the industrial revolution, [82] [83] the conservative ideology in many countries adopted economic liberalism, especially in the United States where this ideology is known as fiscal conservatism.
A top fiscally conservative political advocacy group is launching a $20 million campaign to urge Congress "to protect prosperity" by renewing the Trump tax cuts, which expire this year.