“Some Democrats eyeing runs for the White House have rolled out a provocative new economic policy: massive tax cuts for the working and middle classes — and big hikes for the wealthy,” Axios reports.
“Republicans may lose the midterm elections because of voters’ anger over high prices, but Democrats are still struggling to figure out how to address voters’ concerns about inflation.”
“The proposals by Democratic presidential hopefuls include eliminating federal income taxes for half of all U.S. workers, making the first $75,000 of income earned by married couples tax-free, and enacting a variety of state-based tax cuts and credits.”
NBC News: Tax cuts are the hot new idea for Democrats.
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