Democrats' tax plans reflect profound shift in public mood

[Yo_Mama_Been_Loggin]

From the outset, several top-tier Democratic presidential candidates are pushing for new taxes on the wealthiest Americans and attempting to portray themselves as best positioned to fight the country’s yawning inequality gap.

It is an indication of how much the Democratic Party is shifting and how far the candidates are willing to go to appeal to the party’s energetic liberal faction. The debate over wealth — particularly with billionaires in the field and Democrats challenging a president whose riches helped get him to the White House — is a dominant theme of the early primary season.

Among the first advisers the candidates are consulting are not foreign affairs veterans or domestic policy experts, but economists.

Sen. Elizabeth Warren of Massachusetts is proposing a new “wealth tax” that would impose added levies on the 75,000 U.S. households with a net worth above $50 million. Sen. Kamala D. Harris of California — who also plans to unveil a proposal to increase taxes on the rich — wants to provide a tax credit of up to $500 per month to families making less than $100,000.

Sen. Bernie Sanders (I-Vt.), who in his 2016 presidential run was an early advocate for higher taxes on the wealthy, introduced a bill Thursday to significantly increase the amount heirs would pay on the estates of their wealthy relatives. Under his plan, billionaires’ estates would be taxed at a 77 percent rate, and he would also lower the estate tax threshold to those inheriting $3.5 million.

The proposals reflect a broad shift in the mood of the Democratic Party and the country more generally, as the recent financial crisis and a distrust of big institutions has fueled a populist surge in both parties. A few years ago, Democrats were shifting to the center amid concerns they had drifted too far left, and emphasizing tax hikes was anathema; now some in the party are happy to call themselves socialists.

https://www.msn.com/en-us/news/politics/democrats-tax-plans-reflect-profound-shift-in-public-mood/ar-BBT5Mid?li=BBnb7Kz

[guillaumeb]

1. Recommended.

Finally, the first cracks in the idea that taxes are had things, and that the rich should not pay their fair share.

[dalton99a]

2. Repeal the tax scam, and make them pay their fair share

Fucking thieves and leeches

[Hoyt]

3. Before they are done, GOPers will convince white wingers that Democrats are going to take the

$10,000 dad left to bury mom, and the little 4 room house that he said would be there for the deadbeat kids.