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Originally Posted by punch it in
Ill try and explain in the simplest of terms. The progressive wing of the democratic party wants other bills passed before they get on board. The GOP will not even consider it because they are suddenly fiscally responsible again. They were not when they stamped Trumps tax breaks for the rich. The only bullshit here is that you are pretending not to understand the bigger picture. Which you usually don’t when it involves Trump in a negative light. In this case wasting our money on his rich bitch friends so that he can do a victory conga line at mara lago with them all.
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Tax breaks for the rich…the raising the SALT Tax to pre Trump limits? Bro, you know the SALT tax repeal that only Democrats are pushing would be the actually largest tax break for the wealthy that directly hits there personal tax return.
Read up:
https://www.brookings.edu/blog/up-fr...llion-dollars/
Ninety-six percent of the benefit would flow to the top 20 percent of the income distribution with the top 0.1 percent getting a tax cut of $154,000 per year, on average. To be fair, the middle class does get something. The middle 60 percent of the income distribution would receive, on average, a tax cut of $37 per year. Even in high-tax states, the middle class gets little. In New York, the top 1 percent would get a tax cut of about $103,000, on average. For those in the middle class, the benefit is just $90, on average. So repealing the cap is regressive and delivers little to no social benefit.
Also, raising the tobacco, vape, etc. taxes directly hits the poor.
You guys all are full of shit. It’s a socialist plan period which tax benefits the wealthy especially in high tax blue states.