October 22, 2021

Marketwatch: As Democrats’ tax proposals evolve, the outlook for the super-rich is improving

media mention

“There is no doubt that wealthy people are talking Democratic lawmakers into doing things that are not popular with the American public,” said Steve Wamhoff, director of federal tax policy at the left-leaning Institute on Taxation and Economic Policy.

For example, more than half of U.S. adults (59%) said they are bothered “a lot” that wealthy people and corporations don’t pay their perceived fair share in taxes, according to a Pew Research Center poll released in April. Breaking into party affiliations, three quarters of Democrats and almost four in 10 Republicans feel that way, the survey showed.

“It really is an incredible story about very wealthy people and big businesses and corporate interests steering the debate,” he said. “It’s not just this week.” Read more