http://www.foxnews.com/opinion/2018...rica-this-is-party-rich-sneering-at-poor.html
From the article:
There was a time when the Democrats were the party of working Americans. They seemed to understand and fight for the interests of the working class and people living in poverty. Republicans, by contrast, struggled for decades with the perception that they were “for the rich.”
Well, how things have turned around. Just look at the latest economic pronouncements of leading establishment Democrats.
Here in my home state of California, in response to President Trump signing the GOP tax reform bill into law, state Senate Democratic leader Kevin de Leon has taken up a new cause: fighting for the right of the richest Californians to evade their taxes.
It’s almost unbelievable – but true. De Leon (who is also the leading challenger to Sen. Dianne Feinstein in her primary battle as she seeks re-election this year) has proposed setting up a new so-called charity that would enable the Silicon Valley and Hollywood elite to claw back their losses from the Trump administration’s new tax reform law.
That tax reform law, let’s remind ourselves, actually means that some of the richest people in the richest parts of America will pay more in taxes, thanks to drastic cuts in deductions for state and local taxes they pay.
To fight off President Trump’s vicious attack on their rich friends (read: donors), California Democrats want to set up a “California Excellence Fund.” Donations to the fund would be matched dollar-for-dollar by tax credits, which can then be subtracted from tax bills as “charity.” It’s a classic liberal version of charity, mind you: all the money would go straight into the coffers of the state government’s general fund.
Who would benefit from this bit of creative accounting? Californians earning over $1 million a year, mainly.
“‘Kevin de Leon: the last best hope for California millionaires.” Not sure he wants that as the bumper sticker for his campaign against Feinstein, but as they say: when someone tells you who they are, believe them.
From the article:
There was a time when the Democrats were the party of working Americans. They seemed to understand and fight for the interests of the working class and people living in poverty. Republicans, by contrast, struggled for decades with the perception that they were “for the rich.”
Well, how things have turned around. Just look at the latest economic pronouncements of leading establishment Democrats.
Here in my home state of California, in response to President Trump signing the GOP tax reform bill into law, state Senate Democratic leader Kevin de Leon has taken up a new cause: fighting for the right of the richest Californians to evade their taxes.
It’s almost unbelievable – but true. De Leon (who is also the leading challenger to Sen. Dianne Feinstein in her primary battle as she seeks re-election this year) has proposed setting up a new so-called charity that would enable the Silicon Valley and Hollywood elite to claw back their losses from the Trump administration’s new tax reform law.
That tax reform law, let’s remind ourselves, actually means that some of the richest people in the richest parts of America will pay more in taxes, thanks to drastic cuts in deductions for state and local taxes they pay.
To fight off President Trump’s vicious attack on their rich friends (read: donors), California Democrats want to set up a “California Excellence Fund.” Donations to the fund would be matched dollar-for-dollar by tax credits, which can then be subtracted from tax bills as “charity.” It’s a classic liberal version of charity, mind you: all the money would go straight into the coffers of the state government’s general fund.
Who would benefit from this bit of creative accounting? Californians earning over $1 million a year, mainly.
“‘Kevin de Leon: the last best hope for California millionaires.” Not sure he wants that as the bumper sticker for his campaign against Feinstein, but as they say: when someone tells you who they are, believe them.
