Biden's and the Democrats Build Back Better law will give billions of tax cuts to rich. Not the image Democrats seek.
"[The Law] also includes a $285 billion tax cut that would almost exclusively benefit high-income households over the next five years.” WAPO also notes: “The tax cut would partially reverse a tax hike (on the rich) from President Donald Trump’s signature 2017 tax bill that was particularly burdensome to high-income, high-tax states.” (Washington Post)
Build Back Batter will also remove the Social Security account number requirement for Child Tax Credit. So far, a child's SSN number has been required on 1040 filings.
The implication is newcomer could cost American taxpayers $2.3 billion in payouts to parents of children who immigrated illegally to the U.S., and another 8.2 billion to illegal immigrant parents who had children inside the U.S., according to Steven Camarota, a researcher for the Center for Immigration Studies. (Daily Wire)
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