After spending several election cycles campaigning against the GOP’s tax cuts as a boon for the wealthy, House Democrats are on the verge of passing a massive tax break for high-income earners — raising a cap on local and state tax deductions that primarily affects high-cost states. Though it’s good politics for many coastal-area members to include that tax relief in President Joe Biden’s social spending and climate bill, it’s a move that Democrats say threatens to become a national liability ahead of next year’s midterms.
With Democrats already lagging behind Republicans in national polls, many in the party say anchoring themselves to this issue is the last thing they should do. Sen. Jon Tester (D-Mont.) said he’d “just as soon have it out. Not a big fan because I think it gives tax breaks to the wrong people: Rich people.”
“You can’t be a political party that talks about demanding the wealthy pay their fair share of taxes and then end up with a bill that gives large tax breaks to many millionaires,” said Sen. Bernie Sanders (I-Vt.). “You can’t do that. The hypocrisy is too strong. It’s bad policy, it’s bad politics.”
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