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Because the Democratic Party is no longer the party of unions and working people. The Democratic Party is dominated by neurotic upper middle class white professionals and their donor class of tech and finance millionaires/billionaires.
I don't have the demographics on hand so I cannot speak specifically to your point.
But I agree with the premise that repealing SALT deduction limit opposes everything Democrats claim they represent.
The demographic info and statistics are in the link I posted in the OP. The numbers are rather startling. This IS a white supremacist tax reform proposal.
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Quote:
Originally Posted by InformedConsent
Why should people in red states subsidize blue states' tax bills, which is what an unlimited SALT tax deduction does?
And why should Blue States tax dollars subsidize red states operating budgets, 9 of the top 10 are red states who live off of federal tax dollars paid by others...https://www.moneygeek.com/living/sta...al-government/
And why should Blue States tax dollars subsidize red states operating budgets, 9 of the top 10 are red states who live off of federal tax dollars paid by others...https://www.moneygeek.com/living/sta...al-government/
I agree. We should eliminate the federal income tax and allow revenue to remain within the state. Problem solved.
And why should Blue States tax dollars subsidize red states operating budgets, 9 of the top 10 are red states who live off of federal tax dollars paid by others...https://www.moneygeek.com/living/sta...al-government/
I've answered you on this already in prior threads. It's not a state thing, so blue states aren't subsidizing red states' spending. It's a federal benefits thing. Seniors retire to lower cost of living red states to stretch their Social Security and retirement savings. Their SS and Medicare benefits (fully 38.5% of all federal spending) follow them there.
Now that we've dispelled your state vs. federal spending misconception, address the issue at hand...
WHY are Democrats proposing a tax reform that overwhelmingly benefits wealthy whites and makes our country's racial wealth and income gaps even wider?
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19,219 posts, read 17,091,524 times
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Quote:
Originally Posted by InformedConsent
I've answered you on this already in prior threads. It's not a state thing, so blue states aren't subsidizing red states' spending. It's a federal benefits thing. Seniors retire to lower cost of living red states to stretch their Social Security and retirement savings. Their SS and Medicare benefits (fully 38.5% of all federal spending) follow them there.
Now that we've dispelled your state vs. federal spending misconception, address the issue at hand...
WHY are Democrats proposing a tax reform that overwhelmingly benefits wealthy whites and makes our country's racial wealth and income gaps even wider?
You continue to deny that red states collect lower taxes but receive more federal dollars, search it anyway you like it always comes back the same. Every red state is not a retiree haven and their benefits are not the dollars that are reflected. Mississippi as one example receives 34.81% of their state revenue from Federal dollars.
Where are wealthy whites benefitting with repeal of Salt because the limits on deductions affects everyone who lives in a high cost area such as the NYC metro regardless of color? If you want to see something that "overwhelmingly benefits wealthy whites" then look at the other measure signed into law in 2017 where "It slashed the top individual income tax rate, carved out a special new deduction mainly benefiting wealthy business owners, gutted the tax on large inheritances, and significantly reduced taxes on corporations."
You continue to deny that red states collect lower taxes but receive more federal dollars, search it anyway you like it always comes back the same.
Red states tax lower than blue states. And nearly all seniors get SS and Medicare (federal benefits, so federal taxes and federal spending) regardless of where they live. That SS and Medicare money doesn't go to the state. It goes to the seniors and their health care providers/workers. Even your link explains that.
Quote:
Where are wealthy whites benefitting with repeal of Salt because the limits on deductions affects everyone who lives in a high cost area such as the NYC metro regardless of color?*
Nationwide. Read the link I posted in the OP. It gives demographic and statistical info:
While that's true, the bigger issue for Democrats is WHY are they proposing a tax reform that overwhelmingly benefits wealthy whites and makes our country's racial wealth and income gaps even wider? How is that anything other than white supremacist?
Newsflash: The Democrats are the party of White Supremacists and income inequality.
All of their divisive policies pit the masses against each other and benefit the elites.
Inflation hurts the masses and benefits the elites.
Covid chaos hurts the masses and benefits the elites.
Open borders hurts the masses and benefits the elites.
Dumbing down education and control of the media, including social media makes it all possible.
I honestly think Trump was allowed to win in 2016 to create a nice diversion for the elites. Let him win, blame him for everything, use his sh***y personality to set up 2020.
The globalists are playing chess while their opponents are playing checkers.
It's sad that it's working so well. Really sad.
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