Well this has to be mighty embarrassing to Bernie Sanders and his fellow class warrior Dems.
Just as we predicted, Congress’s own Joint Committee on Taxation – the official scorekeeper on tax policy changes – finds that two out of every three taxpayers with incomes over $1 million and nearly nine of 10 with incomes between $500K – $1 million get a net tax CUT from the Build Back Broker bill. This is because Congress vastly expands the state and local tax deduction – a huge tax break for the top 1% in blue states.