Posted on 12/04/2021 11:29:03 AM PST by yesthatjallen
President Biden and congressional Democrats' Build Back Better (BBB) Act is now in the hands of the Senate. That legislative body's 50-50 partisan split will undoubtedly make the bill's passage difficult.
In order for BBB to become law, Democratic Senate leadership will need to convince moderates such as Sens. Kyrsten Sinema (D-Ariz.) and Joe Manchin (D-W.Va.) that the legislation's $2.4 trillion price tag can be offset by expanding the IRS and its enforcement efforts while imposing substantial tax reform measures.
Congressional Democrats have argued that one of the best ways to pay for the legislation is to raise taxes on wealthy households, which, according to many on the left, have benefited disproportionately and unfairly from the 2017 tax reform law passed by Republicans and signed by former President Trump. The latest data, however, proves that this claim is pure mythology.
Income data published by the IRS clearly show that on average all income brackets benefited substantially from the Republicans' tax reform law, with the biggest beneficiaries being working and middle-income filers, not the top 1 percent, as so many Democrats have argued.
SNIP
(Excerpt) Read more at news.yahoo.com ...
1005?
The Hill and Yahoo reporting this just WOW!!
Why are The Hill and Yahoo admiting this?
Your average libtard just believes whatever MSNBC tells them.
They are to damn stupid to think for themselves.
The anchors at MSNBC got a tax hike and they don’t like it.
It was just precious to watch the wailing that ensued when rich people who complain about rich people not being taxed enough got taxed more.
The icing on the cake was when they were scheming to “donate” their SALT so they could write it off.
Also right up there were the libs who were better off with the higher standard deduction but were still complaining that their mortgage deduction “wasn’t any good anymore”.
Special mention goes to the idiots who had their withholding reduced and then complained about their refund being less.
All the while the legacy media reported on this and made no attempt to clarify what was happening. It was just “Orange Man Bad”.
Dimms want SALT deductions that help upper class.
Stop playing the Facts Card. Facts that contradict narrative must be ignored. Those that refuse to do so are heretics and must be punished.
Please somebody find me a rich liberal who whined about the tax cuts for the rich who took their tax cut and sent in a check to Uncle Sam. They cry about it but they all take it.
The Hill! #@?! Me an 800 pound flying sow just flew by my window.
This was from Yahoo via The Hill. I’m shocked by the source and the via.
The lifelong professional ruling elite class hates the middle class.
The Left is deeply saddened.
Of course.
The smaller the government, the greater the middle class.
That’s why most of the rest of the world doesn’t have a middle class.
The middle class has the money. Democrat want to spend that money on their base. No amount of lying is too much to justify clawing back tax dollars that Democrats see as “ill-gotten gains” taken away by Trump supporters.
There’s no way this can be correct. Somebody needs to contact Joy Bahardyharhar and get the facts.
Thank God democrats made it their #1 priority to end these cuts! I was getting sick of some extra cash.
They’re desperate to eliminate the SALT deduction limits. It doesn’t affect anyone but the rich and that’s their major donors.
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