In anticipation of the midterm elections, congressional Republicans have recently proposed making their tax cuts permanent. The price tag would amount to $1.1 trillion over the next 10 years. The problem with the 2017 tax law is that it was geared at the investor class, not the middle class. Making the cuts permanent would give the top 1% of income earners more than double the tax savings of those in the bottom 60%.
Democrats have an alternative vision. We believe an overwhelming majority would vote for a $1 trillion tax cut...