Bernie Sanders Is Facing Down Corporate Democrats on Taxes

The Democrats are poised to pass a giant, regressive tax giveaway to the wealthy by raising the SALT cap deduction. Bernie Sanders is trying to stop them.

Senators Sanders And Menendez Discuss SALT Deductions At Press Conference

Bernie Sanders holds a news conference about state and local tax (SALT) deductions as part of the Build Back Better reconciliation legislation at the US Capitol on November 3, 2021, in Washington, DC. (Chip Somodevilla / Getty Images)


In a last-ditch attempt to rescue Democrats from their own worst instincts, Senator Bernie Sanders (Independent from Vermont) is working to try to limit the party’s politically toxic initiative to enrich wealthy property owners in liberal locales. If his maneuver fails, Republicans will have a potent political weapon heading into the 2022 midterms, as evidenced by a new video the GOP just released on Monday.

At issue is corporate Democrats’ proposal to raise the amount of state and local taxes (SALT) that can be deducted from households’ federal taxes. The $275 billion proposal is now the second largest part of the Build Back Better legislation, even though it would only benefit the 13 percent of Americans who itemize their tax returns.

For months, our reporting has warned that a repeal of the $10,000 cap on such deductions would be a massive tax cut for the superrich, including for key Democratic lawmakers who are championing the measure. The GOP has been hammering Democrats over the proposal, saying it proves Democrats are trying to help the wealthy. Their new video previews how Republicans will depict themselves as populist critics of regressive tax cuts ahead of the 2022 midterm elections, if Democrats pass their current SALT initiative.

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