Brady on Fox: Democrats’ Fight for Wealthy Tax Cuts is ‘Incredibly Tone Deaf’
April 15, 2021 - Blog - In Case You Missed It... - Press Releases - Select Revenue Measures
“Here we are struggling to come out of a pandemic. Millions of people are unemployed. A lot of businesses are fighting to stay alive and here these Democrats are insisting on massive tax breaks for the wealthy," said Ways and Means Republican Leader Kevin Brady (R-TX) on Fox News. “How incredibly tone deaf."
In an interview with Neil Cavuto, Brady outlined how repealing the cap on state and local tax (SALT) deductions will harm middle-class families and blue-collar workers.
KEY TAKEAWAYS:
* Democrats are insisting on a massive tax break for the wealthy, while holding out their support for President Biden’s $2 trillion tax hikes on blue-collar workers and families.
* Repealing the cap on SALT deductions will give liberal governors and mayors a green light for across-the-board tax hikes on low- and middle-class families.
* According to the liberal Tax Policy Center, “most of the benefit" of the SALT deduction “goes to high-income households."
