
Dems: $625B Tax Cut for Wealthy Elite is 'Essential' Ahead of Midterms
Democrats say cutting hundreds of billions in taxes for wealthy income-earners in coastal states is "essential" to getting reelected.
In November, House Democrats passed President Joe Biden’s “Build Back Better Act” which includes billions in tax breaks to the wealthiest residents of blue states. Specifically, the plan would give a tax cut to about 67 percent of the nation’s richest Americans — those earning more than $885,000 every year — costing taxpayers about $625 billion.
yet they want to hire 80,000 IRS agents and start looking at transactions as low as $600