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While Project 2025 doesn’t address changes to deposit insurance, The Heritage Foundation concluded in a separate 2017 report that “government-provided deposit insurance should be phased out fully” and proposed reducing coverage to around $40,000 per individual in the interim.
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BY CARL DAVIS, OPINION CONTRIBUTOR
One of the most pressing issues confronting the next Congress and administration will be how to deal with the expiration of the 2017 Trump tax cuts — and, more specifically, who will pay for the cost of extending some or all of those cuts.
One of the more widely accepted ideas circulating on the right is to raise income taxes on single parents, more than 80 percent of whom are women and a disproportionate share of whom are people of color. The idea has been lauded by prominent think tanks, Project 2025, U.S. senators and, in his 2016 presidential campaign, by Donald Trump himself.
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among a large segment of the right, single parenthood is seen as an immoral family structure. If life can be made more difficult and expensive for single parents, the thinking apparently goes, more parents will choose to get married or stay married for financial reasons, regardless of whether their marriages are fostering home environments that are healthy and safe for the children and the parents. Vice presidential nominee JD Vance displayed this attitude, for example, when he controversially complained in 2021 that the “sexual revolution” had made divorces too easy to get. He said many divorces “really didn’t work out for the kids of those marriages,” even if in some cases the relationships being dissolved were “unhappy” or “even violent” like that of his grandparents.
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