The richest Americans may get a tax cut 10 times BIGGER than the middle class under Biden's spending plans, new study finds

  • Democrats want to raise the cap of the state and local tax (SALT) deduction from $10,000 to $80,000
  • Would repeal a key revenue offset of Trump's 2017 tax cuts, a portion that Democrats from high-tax states say is punitive 
  • The Build Back Better plan would also increase the child tax credit from $2,000 per child to $3,000 per child, and $3,600 for children under 6 
  • Under that plan, households earning $1 million or more could get a break on their taxes that is 10 times that of households earning $50,000-$100,000 
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