The Heroic Congressional Fight to Save the Rich
A handful of Democrats want to hold up a $2 trillion infrastructure bill to save a choice tax deduction for the wealthy, not that you'll hear it described that way
Hasnain says:
“There are legitimate reasons to be in favor of restoring the full deduction, but instead of talking about them, Democratic leaders and pundits have mostly been trying to sell the public on an absurd lie: that a tax break for which only 1 in 10 Americans even qualifies, and overwhelmingly benefits those in the highest-earning percentile, is a “middle-class” benefit. No one seems to mind that this is the same take Democrats blasted when used by Republicans to argue for the Bush tax cuts or the repeal of the estate tax.”
Posted on 2021-04-25T05:36:16+0000