Democrats Consider Tax Cuts for Many High Earners in New York, New Jersey and California

[MichMan]

6. Will be a huge benefit to the 1%

"Indeed, tax expert Howard Gleckman at the nonpartisan Tax Policy Center wrote in a blog post earlier this year that households earning above $1 million annually would receive half the benefit. Around 93% of those households would get a tax cut averaging $48,000.

In stark contrast, 96% of middle-income households - those earning between $52,000 and $96,000 - would experience zero change in their tax bills."

https://www.msn.com/en-us/news/politics/the-big-tax-break-for-new-yorkers-and-californians-that-trump-wiped-out-in-2017-democrats-are-determined-to-bring-it-back/ar-AAQ7RLu?ocid=msedgdhp&pc=U531