The buried boon to the wealthy in the Democrats’ tax plan
Millionaires stand to benefit immensely from the treatment of state and local taxes
TRY TO STUFF a party’s entire agenda into one giant piece of legislation, and a battle royal will ensue. Such is the case with the Democrats’ aim to cram policy on poverty relief, child care, climate change, health care, higher education, pre-school, tax reform and more into the Build Back Better (BBB) Act, which passed the House of Representatives on November 19th.
This article appeared in the United States section of the print edition under the headline “A tax plan for the upper, upper class”
United States December 4th 2021
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