Elite democrats disagree with popular democrats on the types of taxes that should be used.Name and define the two types of taxes and which theory supports each.Given what you know about tax policies, what type of tax policy has Obama employed?

The two types of taxes are progressive taxes and regressive taxes.

Progressive taxes are based on the idea that those who earn more should pay a higher percentage of their income in taxes. This type of tax is supported by the theory of income redistribution, which aims to reduce income inequality by taxing the wealthy at a higher rate.

Regressive taxes, on the other hand, require those with lower incomes to pay a higher percentage of their income in taxes. This type of tax is supported by the theory of supply-side economics, which argues that reducing taxes on the wealthy will stimulate economic growth and benefit everyone.

President Obama employed a progressive tax policy during his time in office. He advocated for higher taxes on the wealthy and implemented policies such as the Affordable Care Act, which included taxes on high-income earners to fund healthcare reform. This aligns with the Democratic Party's stance on using progressive taxes to address income inequality and fund social programs.