task0778
Diamond Member
The House is expected to vote this week on President Joe Biden's Build Back Better legislation. The social spending bill includes investments in clean energy and affordable child care - but it also includes a $285 billion tax cut that would almost exclusively benefit high-income households over the next five years.
The measure would allow households to increase their deduction from state and local taxes from $10,000 to $80,000 through 2026, and then impose a new deduction cap through 2031. It's the second-most expensive item in the legislation over the next five years, more costly than establishing a paid family and medical leave program, and nearly twice as expensive as funding home-medical services for the elderly and disabled, according to an analysis by the Committee for a Responsible Federal Budget.
For all the bitching about paying your fair share, are the democrats really going to do this? Talk about handing the GOP a campaign issue they can use against the Dems, and they're planning on voting on this bill in the next couple of days. Unbelievable.
The measure would allow households to increase their deduction from state and local taxes from $10,000 to $80,000 through 2026, and then impose a new deduction cap through 2031. It's the second-most expensive item in the legislation over the next five years, more costly than establishing a paid family and medical leave program, and nearly twice as expensive as funding home-medical services for the elderly and disabled, according to an analysis by the Committee for a Responsible Federal Budget.
The second-biggest program in the Democrats' spending plan gives billions to the rich
The House is expected to vote this week on President Joe Biden's Build Back Better legislation. The social spending bill includes investments in clean energy and affordable child care - but it also includes a $285 billion tax cut that would almost exclusively benefit high-income households over...
www.yahoo.com
For all the bitching about paying your fair share, are the democrats really going to do this? Talk about handing the GOP a campaign issue they can use against the Dems, and they're planning on voting on this bill in the next couple of days. Unbelievable.