The Party of the RICH
From that far right rag the Washington Post
The increase in the SALT cap is 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 study showed the SALT deduction would primarily benefit the top ten percent. Again, the numbers are staggering :
Over the next five years, raising the SALT cap would provide a tax cut only to those who itemize their taxes and pay more than $10,000 in state and local taxes, a group overwhelmingly made up of the wealthy. A recent analysis from the Tax Policy Center says the tax cut will benefit primarily the top 10 percent of income earners, with almost nothing flowing to middle and lower income families.
So what Biden wants to do is pass this MASSIVE $1.75 trillion bill, which will mean even higher food and energy prices due to the additional inflation all this spending will cause. He wants to explode the deficit further, and the bill benefits the wealthiest people in the country more than anyone else.
Facts you never read on Elba.
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