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Joe Biden, Democrats Seek $625 Billion Tax Cut for Wealthy Coastal Elites

whitehouse.gov

JOHN BINDER

Breitbart

President Joe Biden’s “Build Back Better Act,” a filibuster-proof $1.75 trillion budget reconciliation package, gives $625 billion in tax cuts to the nation’s wealthiest blue state residents.

Slipped into the reconciliation package are hundreds of billions of dollars worth of tax cuts for the Democrat Party’s wealthiest donors, that would be paid for by America’s working and middle class.

A newly released analysis of Biden’s budget finds that plans to increase the State and Local Tax (SALT) deduction cap from its current $10,000 to $80,000 would effectively amount to a $625 billion tax for the wealthiest of Americans living in blue states.

Click the link below to read the rest of this story.

https://www.breitbart.com/politics/2021/11/15/joe-biden-democrats-seek-625-billion-tax-cut-for-wealthy-coastal-elites/

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