Tag Archive: Democrats Plan Tax Giveaway To The Rich


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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