Like...give us some numbers. If it's not $1.5T then how much is it and how much of it is "a tax cut for the wealthy?" Or is it enough to just say it is and blame capitalism, old white men and people who have more money than you like always.
I haven't had time to actually read the bill yet, or even a reasonable summary of what's in it, have you?
Basing my comment on there actually being a big tax cut for the rich in the Democrat's own bill off articles like this:
In the mad scramble to re-re-rewrite the huge ?Build Back Better? social-spending bill and rush it to a vote, Speaker Nancy Pelosi inserted a huge tax cut for the rich.
That?s right: The plan now is to raise the cap on state and local tax deductions for federal income taxes, otherwise known as SALT. The 2017 Trump reforms capped it at $10,000; Pelosi would raise that to $72,500 in 2021, then gradually to $80,000 over the next decade.
on the bill being largely, or partially tax breaks, I recall that being the criticism of Obama's stimulus (
link):
The stimulus bill, formally known as the American Recovery and Reinvestment Act, is meant to create jobs and boost the economy. It cost $787 billion, including $499 billion to fund new roads, hire teachers and generally keep people employed, and about $288 billion in tax breaks to individuals and businesses.
I'm assuming the "Build Back Better" bill is similar, if not worse. How much of the bill will be actual spending that ends up benefitting actual people -either directly or indirectly - who are not wealthy is a question mark.
