The New York Times on Nostr: Can Democrats Stop the ‘Tax Doom Loop’? ========== Democrats have struggled with ...
Can Democrats Stop the ‘Tax Doom Loop’?
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Democrats have struggled with tax policy for over two decades; Senator Elizabeth Warren refers to this cycle as the 'tax doom loop'; Republicans pass temporary tax cuts, which Democrats later extend, leading to widening inequality and ballooning deficits; the 2017 tax cuts signed by President Trump will expire after 2025; progressive activists aim to raise taxes on high earners and corporations to fund social programs; Vice President Kamala Harris pledges not to raise taxes on households earning less than $400,000; the Bush tax cuts of 2001 and 2003 set a precedent for tax cuts becoming permanent; Democrats fear losing the tax debate again; some progressives believe letting the 2017 cuts expire could be beneficial; the upcoming tax debate in 2025 is seen as a crucial opportunity for Democrats to change the tax code.
#TaxPolicy #Democrats #Republicans #2024Elections #ElizabethWarren #KamalaHarris #TrumpTaxCuts #BushTaxCuts #Progressives #Inequality
https://www.nytimes.com/2024/09/03/us/politics/democrats-tax-policy.html
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Democrats have struggled with tax policy for over two decades; Senator Elizabeth Warren refers to this cycle as the 'tax doom loop'; Republicans pass temporary tax cuts, which Democrats later extend, leading to widening inequality and ballooning deficits; the 2017 tax cuts signed by President Trump will expire after 2025; progressive activists aim to raise taxes on high earners and corporations to fund social programs; Vice President Kamala Harris pledges not to raise taxes on households earning less than $400,000; the Bush tax cuts of 2001 and 2003 set a precedent for tax cuts becoming permanent; Democrats fear losing the tax debate again; some progressives believe letting the 2017 cuts expire could be beneficial; the upcoming tax debate in 2025 is seen as a crucial opportunity for Democrats to change the tax code.
#TaxPolicy #Democrats #Republicans #2024Elections #ElizabethWarren #KamalaHarris #TrumpTaxCuts #BushTaxCuts #Progressives #Inequality
https://www.nytimes.com/2024/09/03/us/politics/democrats-tax-policy.html