Look, if Democrats wanted to tax the rich, then they should do it! Roll up to the second and third homes around the country of limousine liberals from Manhattan or California and then literally confiscate their stuff. Just take it all. Drain their bank accounts and investment funds using the IRS and FBI. They are willing to use the government to track us all right now.
Why don’t Democrats do what they claim they want to do? Because Democrats have wealthy donors and politicians who want to keep their money.
But, Democrat Representative Josh Gottheimer (NJ) declared that the SALT deduction was back! This tax allowance in the Breaking Bad Better bill will let wealthy elitists keep more of their money.
It is an enormous tax break for the rich in blue states, which means that red-state Americans will pick up the tab. He has driven a push to allow families to deduct state taxes in the more extensive spending bill. Democrats want to suspend the $10,000 cap on state deductions that President Donald Trump initiated.
Great job, Democrats!
Democrat Representative Alexandria Ocasio-Cortez (NY), the patron saint of Tax The Rich, must be thrilled. She loves being made a fool.
It isn’t turning out well with the insane Democrat base who believe the lies they are told. It would be a $500 billion tax reduction, with more than $400 billion going to the top 5% families. Sounds like a perfect plan for Democrats to get behind.
The child tax credits and Earned Income Tax Credit (EITC) program, which benefit average Americans, are not as extensive as this tax break for Democrat donors. Instead, Gottheimer wants property holders to deduct $1.85 trillion spending charges, a huge tax break for well-off Americans in liberal states. The plan is structured to begin in 2021 and go through 2025. They have already cut out paid leave for working Americans, further damaging the middle class.
No liberal media will ask him or the insane Democrat Representative Nancy Pelosi, “how are you going to pay for this?”
Democrats in New York and New Jersey seem to love the anti-president Joe Biden’s social strategy and environmental change bundle. They voted for him. But they refuse to pay for it. Instead, they would make single moms and working families suck it up and deal with paying for a $3.5 trillion boondoggle.
Senator Bernie Sanders (VT) said it would be a massive giveaway to the rich that conflicted with the leftist’s agenda. You think!? He wants to limit the deduction to families making under $400,000. The proposal helps Americans with total assets of $50 to $300 million. If that is not you, then you are getting hurt.
These fools are playing with numbers. With SALT deductions, the spending plan is short about $90 billion every year. So, these idiots want to create a five-year suspension until 2026. It permits liberals to utilize a skillful deception that meets the 10-year window for CBO scoring. It avoids accepting that the bill will result in a budget shortage by kicking the can down the road.
Conservatives point out Biden’s plan is garbage. Leftists want to ram it through, passing the bill to become law. What do you say?