Politico: Democrats likely to throw billions in tax hikes overboard as spending plans shrink

“Democrats need to think about reforms to capital gains that prevent rich people from avoiding capital gains,” said Steve Wamhoff, a former tax aide to Sen. Bernie Sanders (I-Vt.) now at the left-leaning Institute on Taxation and Economic Policy.

“You can do all kinds of things to improve the tax code but if those people are paying an effective rate of zero percent on most of their income, well, you have to ask if you’ve really solved a fundamental problem in our tax code.” Read more