We should not endorse a full 100% repeal of SALT caps. The influence of wealthy lobbyists is bipartisan, and it’s unsurprising that some of the same folks pushing 100% repeal were also the ones trying to derail the entire budget just a few weeks ago. bloomberg.com/news/articles/…
I am open to taking a look at SALT and addressing concerns for families put under the squeeze in high cost of living areas. But a full 100% SALT repeal means major tax breaks for extremely high-net worth individuals and billionaires. Why do that? 🙅🏽♀️
@AOC Rep, we are not rich and getting absolutely screwed by this tax structure. Something needs to change.
@AOC Double taxation is unconstitutional regardless of wealth. Either the tax is taken at the state level or Federal, but not both.
@AOC Warren Buffett and Bill Gates: The rich should pay higher taxes cnbc.com/2019/02/25/war… ...Warren Buffett doesn't think the rich in America are paying enough in taxes. "The wealthy are definitely undertaxed relative to the general population," he told CNBC's Becky Quick ...
@AOC I don't understand why I should pay federal taxes on dollars I didn't even see because the state or local government already took the money. Seems backwards to me. There are much easier ways to directly tax the rich without making middle-class people collateral damage.
@AOC Take note of those who seek to gut programs for working families in the name of "fiscal responsibility." But FIGHT HARD to keep the wealthy from paying their fair share of taxes—even tho doing so wld be fiscally responsible. Their hypocrisy is destroying the lives of poor kids.
@AOC We should, and then start taking a hard look at the high income tax rates we all suffer from in this country
@AOC @StevenTDennis STOP focusing on things that impact so little. Meaning, did anyone who is poor to middle class suddenly become wealthy or life changed from tax cuts? We need better training, education, incentives to get people into long term growth jobs for the new economy! or just go UBI.
@AOC @StevenTDennis Do you have any long term studies that show that tax cuts for the poor, lower middle class, and middle class has a life-changing impact? What are the more important things that has a long lasting impact on people's financial outlook for their life for the LONG TERM?
@AOC What if we just STOPPED taxing working households that bank locally, as secured by the appreciated value of real property in vibrant healthy growing American communities? @freedomcaucus @HouseBlueDogs @ProbSolveCaucus @NLGA @usmayors