November 12, 2021

Salon: Meet Tom Suozzi, the Democrat who wants tax cuts for the rich jammed into Build Back Better

media mention

Suozzi has for months pushed a total repeal of the cap, which would cost taxpayers about $85 billion per year, according to the nonpartisan Committee for a Responsible Federal Budget (CFRB). If the cap were fully repealed, 86% of the benefits would go to the richest 5%, according to the left-leaning Institute on Taxation and Economic Policy (ITEP), and just 4% of the benefits would flow to the bottom 80%, according to the left-leaning Center on Budget and Policy Priorities. Read more