Dems eyeing 2028 want huge tax cuts - but big hikes for the rich
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Dems eyeing 2028 want huge tax cuts - but big hikes for the rich
""If you are working paycheck to paycheck and making just enough to cover your basic cost-of-living expenses, then you shouldn't have that taxed away at the federal level," Van Hollen told us."
""Holy cow ... did we set off a sh*tstorm," acknowledged Erica Payne, president of Patriotic Millionaires, a liberal group that supports one of the main proposals."
Democratic presidential candidates are proposing substantial tax cuts, including eliminating federal income taxes for half of U.S. workers and making the first $75,000 of income for married couples tax-free. Critics argue these plans could undermine social services and are politically motivated. The proposals have sparked significant debate within the party, with Maryland Sen. Chris Van Hollen leading the charge to eliminate taxes for lower-income earners while raising taxes on the wealthy. Other candidates, like Cory Booker, support similar measures to alleviate tax burdens on middle-class families.
Read at Axios
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