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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDemocrats are pushing tax breaks for the rich. They'll cry when voters punish them
https://www.theguardian.com/commentisfree/2021/nov/22/democrats-are-pushing-tax-breaks-for-the-rich-theyll-cry-when-voters-punish-themThe last time Democrats held the presidency and Congress, the party spent its first year in power enriching big banks that had cratered the economy and then letting public money subsidize the Wall Street bonuses of their campaign donors. The spectacle gave Republicans a political bailout in the 2010 midterms, allowing them to depict themselves as anti-establishment populists challenging an elitist government.
Twelve years later, history is rhyming. Democrats were vaulted into office on popular promises to tax the wealthy, but they are now generating national headlines about their proposal to provide new tax breaks narrowly targeted to enrich their affluent blue-state donors just as a new survey shows nearly two thirds of Americans see the party as out of touch with the concerns of most people. And now the Republican machine is gearing up to demagogue the issue in 2022.
The situation is like a storyline from Veep satirizing liberal elitism: As millions of voters are being crushed by health care costs and higher energy prices, and as Democratic lawmakers have abandoned a $15 minimum wage, Democratic leaders are pushing a regressive proposal to allow wealthy property owners to deduct more of their state and local taxes (SALT) from their federal taxes.
This initiative, which would provide almost no benefit to the working class, isnt some small tweak. After Democrats gutted their wildly popular initiatives to expand Medicare and lower drug prices, the tax initiative has now become one of the most expensive provisions in President Joe Bidens entire Build Back Better legislation.
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I know the issue is complicated but much as cancelling student debt is a giveaway to high income white woman. This is a giveaway to property owners that made a lot of money in house equity over the last few years.
It truly is tax breaks for "paper" millionaires.
TheRealNorth
(9,478 posts)But yeah, I would rather see Democrats push to close tax loopholes the extremely wealthy use.
questionseverything
(9,651 posts)Thats the proposed new limit
walkingman
(7,597 posts)is a basis for criticism?
PortTack
(32,755 posts)leftstreet
(36,106 posts)SALT and increased minimum wage/paid leave
SALT and Medicare For All
SALT and At Least Fucking Hearing Aids and Glasses for Seniors
OilemFirchen
(7,143 posts)Restoring SALT is popular among Democrats, and it's the right thing to do.
Is there really no Republican policy Sirota can find the time to vent about?
JohnSJ
(92,136 posts)2016 General Election, by encouraging people not to vote for Hillary against trump, they can take their opinions and stick them where the sun dont shine
PortTack
(32,755 posts)WHITT
(2,868 posts)A firefighter and a teacher couple in Cali, NY, NJ, etc, can easily hit the threshold.
emulatorloo
(44,116 posts)peggysue2
(10,828 posts)Nothing more.
radius777
(3,635 posts)for the Dem party, which is a metrocentric party that draws most of its votes from urban and suburban areas, where property (and the overall cost of living) is expensive and taxes are high. Without such voters, Dems cannot win any election.
iemanja
(53,031 posts)higher than the current $10k but lower than $80k.
mcar
(42,302 posts)sinkingfeeling
(51,445 posts)RAB910
(3,497 posts)the anti-American GOP scum double-taxed people in blue states just to screw them over. Worse the scum that did that are from moocher red states
Now evil people are pushing this appalling LIE about tax cuts for the rich
fuck them all!!!!!
stopdiggin
(11,296 posts)First time I thought it was surely a mistake. Here's a couple that caught my attention.
- but, much as cancelling student debt is a giveaway to high income white woman ...
So - no working class people in the suburbs any more? I think that is a rather - singular - point of view. And this kind of screed really isn't furthering our cause very much either.
(I guess everyone is entitled to their point of view. I'm prone to disagree with this one.)