Democrats Agonize Over Tax Cuts for Rich

“Democrats are struggling with a huge problem that could sink them at the ballot box: They may end up looking more sympathetic to rich people than Republicans,” Politico reports.

“After spending several election cycles campaigning against the GOP’s tax cuts as a boon for the wealthy, House Democrats are on the verge of passing a massive tax break for high-income earners — raising a cap on local and state tax deductions that primarily affects high-cost states. Though it’s good politics for many coastal-area members to include that tax relief in President Joe Biden’s social spending and climate bill, it’s a move that Democrats say threatens to become a national liability ahead of next year’s midterms.”

Rep. Jared Golden (D-ME): “If you’d told me a year ago that the second-biggest piece of a signature bill of this Congress was $280 billion in tax giveaways to millionaires, I’d have told you the Republicans were in charge.”