Tag Archive: Bailout To Blue States


on September 20, 2021 in World News

Democrats Plan Tax Giveaway To The Rich, Bailout To Blue States

By Christopher Jacobs Democrats want working-class families in red states like Florida and Texas to subsidize residents making $200,000, $400,000, or more in places like New York and New Jersey. For a party that purportedly wants to “tax the rich,” Democrats sure have a funny way of showing it. Bloomberg reported on Friday that a potential repeal of the cap for state and local taxes—the SALT cap, to use Washington nomenclature—would erase most of the tax increases included in the House’s version of the $3.5 trillion spending bill being considered by Congress. In some cases, relatively affluent families could...

By Christopher Jacobs Democrats want working-class families in red states like Florida and Texas to subsidize residents making $200,000, $400,000, or more in places like New York and New Jersey. For a party that purportedly wants to “tax the...

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