Democrats plan to cut taxes for the rich, soak everyone else

Good day all. The Democrats have always claimed they wanted to “Soak the rich” and “Tax them into oblivion.” Several of them actually want to do this of course. What usually happens is that the Communazis cut taxes for their wealthy benefactors and raise them on everyone else.

The latest “Cunning plan” being pushed by the Communazis is foing to do just that. Cut taxes for the rich while soaking the middle class. Here are the details from Fox Business:

A majority of millionaires would receive a tax cut under the newest reconciliation framework unveiled by House Democrats, according to a new analysis published this week. The non-partisan Tax Policy Center found that two-thirds of people making more than $1 million a year would see an average tax cut of $16,800 next year. 

When the Greatest President of the 21st Century, Donald Trump, pushed through his tax reform bill, he cut taxes to businesses so they could expand and hire people, and also cut taxes for the majority of Americans. The rich actually ended up paying more taxes, thanks to ending the SALT deduction. That is what the Communazis intend to target.

That’s largely because a coalition of House Democrats are seeking to repeal a Trump-era limit on state and local tax deductions as part of President Biden‘s signature economic plan.

The so-called SALT deduction cap, which is poised to sunset in 2026, limits the amount of state and local taxes that Americans can deduct from their federal taxes to $10,000. Centrist Democrats have been pushing for months to include a full repeal in the president’s $1.75 trillion “Build Back Better” plan, but have faced opposition from left-wing lawmakers.

The Communazis have despised the ending of the SALT deductions. The reason is simple. The SALT deductions have been used by high tax blue states as a way to protect their wealthy citizens. They would use the deduction to balance out what they were paying. The Trump tax reform limited the deduction to about $10,000 dollars, which actually helped middle class people.

The Rich decided that they would be better off leaving the high tax states, such as New York, Kalifornistan and others and moving to states that had no income tax in the first place. This blew huge holes in the state budgets since the state and local Communazis have always seen their rich citizens as piggy banks they could loot. Rather than adjust their spending habits, they screamed to Congress about how “Unfair it is” that the rich were taking their money and leaving.

Under the latest proposal currently being considered by the House Rules Committee, the deduction cap would rise from $10,000 to $72,500 for five years (it would be retroactive to 2021). The measure would then extend the cap through 2031.

One thing that we can all laugh at is how the hardcore communists in what used to be known as the Democrat Party are up in arms over restoring the deduction. It was the one thing they liked about the Trump tax reform package.

The analysis is certain to exacerbate intra-party fighting between progressives and moderates over what to do about the limitation, as temporarily eliminating it would require Democrats to vote for a policy that disproportionately benefits wealthy Americans living in blue coastal states.

Gee, isn’t that just to bad? I mean, aren’t all the Communazis of one mind about everything? They are all for collectivization after all. Speaking of collectivists…

Sen. Bernie Sanders, I-Vt., blasted reports that a SALT repeal may be included in the family and climate spending plan, calling it “unacceptable.” “At a time of massive income and wealth inequality, the last thing we should be doing is giving more tax breaks to the very rich. Democrats campaigned and won on an agenda that demands that the very wealthy finally pay their fair share, not one that gives them more tax breaks,” Sanders said in a statement. “I am open to a compromise approach, which protects the middle class in high-tax states. I will not support more tax breaks for billionaires.” 

Comrade Bernie doesn’t support tax cuts for anyone, other then himself of course. I wonder which one of his three homes he’s currently staying at during the panicdemic? It must be nice to be able to afford three houses. I’m sure he believes that nothing is to good for one of the ruling elite and that the proletariat will simply bow down in subservience to their betters.

Biden did not include a SALT repeal in the framework that he unveiled last month, but the White House has previously said it’s open to eliminating the deduction cap.

“It is not a revenue raiser and so it would add costs, and potentially significantly, to a package,” White House press secretary told reporters over the summer. “There’d have to be a discussion about how that would be paid for what would be taken out instead. And then there’s sort of a discussion of what’s most important to achieving our overarching objectives.” 

“Paying” for the repeal of the SALT cap is easy. They will raise taxes on the proles, especially in states that have no state income tax. If that doesn’t quite cover it, they’ll just order more printing presses. As to discussions, it all depends who pushes the hardest. Those who are getting bribes from the rich, I mean large campaign donations, or those who have really pissed off the rich like Alexandria Occasional-Cortex?

Frankly, the entire tax code needs to be scrapped and rebuilt from the ground up. It’s reached the point where it is so complicated, the average person can’t understand it. I’ve always wondered if the actual tax code had ever been challenged in court? It’s almost impossible for the average person to comply with it, since it’s impossible to understand. The damn thing is over 2600 pages long. You need to be both an accountant and a tax lawyer to have any hope of understanding it. Well, that is a discussion for another day.

Thatisall

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