Daily Kos: Democrats gave Americans a huge tax cut—just not the wealthiest ones

According to new estimates from congressional forecasters, Democratic tax cuts for low- to middle-income earners included in President Joe Biden’s relief plan could mean that people making less than $75,000 on average will pay nothing in federal income taxes this year.

In other words, Democrats are doing for most Americans what Republicans achieved for many major corporations through their 2017 tax giveaway to the rich. In fact, at least 55 of the nation’s largest corporations paid zero federal income taxes in their most recent fiscal year, according to the Institute on Taxation and Economic Policy. Read more