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Top Democratic Priority in 2025: Cut Taxes for the Rich Who Live in Blue States

Democrats have pledged to sock it to the rich with tax hikes in 2025, if they win back Congress. But not if the millionaires and billionaires live in high-tax blue states. In that case, they want to bring back a loophole for the top one percent to deduct their state income taxes from the federal taxes. This would be one of the sweetest deals for the super-rich in California, New York, and New Jersey in American history.

Yesterday, Senate Democratic Leader Chuck Schumer of New York promised that the tax write-off for his Manhattan upper-class voters would be resurrected if Democrats win back the Senate next year.

So much for building a fair tax code if Democrats win back the Senate.

Are these the biggest tax-cut hypocrites in American history? Maybe.

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