Democratic policies... are the exact opposite of what you said.

The republican party in its current form has zero interest or plan to meaningfully reduce spending or 'balance the budget.' Deficits are just as high, if not higher (from what I understand) as under the Biden administration and the Republican party wants nothing to do with actual deficit reduction.

All the Doge stuff is just for show... it's a drop in the bucket and mostly theater. The Republicans have extended the 2017 tax cuts which mostly effect 'high earners' with only small spending cuts... in other words the deficit continues.

As far as wealth inequality... that would be the Republicans however both parties are guilty. The Republican tax cuts overwhelmingly effect 'wealthy' people and high earners.... and their tariffs (which are consumption taxes) effect mostly... poor people and the working class. The working class sees prices go up on cheap imported goods (which they need) and the taxes on higher earners go down.

Does this help 'poor people'?

Both parties have been all-in on free trade the last 30 years. The problem is that while costs and supply chains have spread and diversified, the benefits have not been 'equal' all around. Now the US has an economic competitor, the first really in 100 years in the form of China, and the Republican response is... denial.

Tariffs won't help the US, neither will bluster and 'the culture wars' but the Republicans can't come up with anything else... because a real solution requires Americans to learn something, go back to school, get additional training and understand the world is more competitive.

Which makes voters (all voters) uncomfortable. So the denial goes on, and the 'tariffs' and proposed 'solutions' from Republicans probably do more harm than good to the US economy.