(Mike LaChance) For years, Democrats have presented themselves as the party of the middle class, standing up for the little guy.
Related Yale research: Race-focused Language of ‘Democratic Elites’ Hurts Their Causes
by Mike LaChance, April 27th. 2021
That hasn’t been true for a long time, and now it is confirmed.
According to data from the IRS, Democrats are now the party of the rich.
The Washington Examiner reports:
Democrats are the party of the wealthy, IRS data shows
Democrats are the party of the wealthy, a flip from decades ago when it was the party of the poor and middle class.
Democrats represented 65% of taxpayers with a household income of $500,000 or more in 2020, according to IRS data, while 74% of taxpayers in Republican districts have household incomes of less than $100,000.
In 1993, the dynamic was reversed, with the typical Republican congressional district showing it was 14% wealthier than its Democratic counterpart. In 2020, data shows those Republican districts were now 13% poorer.
The data comes as some Democrats push to end former President Donald Trump’s 2017 tax law, which caps the federal deduction for state and local taxes at $10,000. The beneficiaries would predominantly be the 1% of the United States’s wealthiest households, with property owners in high-tax states benefiting from the relief on federal taxes.
This represents a big political shift in America.
no longer the working class party. https://t.co/0n2zp1CYhQ
— Logan Hall (@loganclarkhall) April 20, 2021
Democrats have become a boutique party for the rich.
They don’t care about the average person.
— Calvin (@RealCalvin1) April 22, 2021
Democrats are the party of the wealthy & BLM founder bought a million-dollar mansion. These people lied that the socialist policies they push are for the people, but in reality, they make the little people equally poor while they make themselves rich.https://t.co/aKygyWOaUf
— Catt (@CattHarmony) April 26, 2021
Memo to all, the Democrats are the party of the rich. That’s why they are so adamant on repealing the cap on state and local taxes (SALT) that the GOP correctly imposed. https://t.co/1zugIORlRL
— The Rational MD (@TheRationalMD) April 20, 2021
Save 10% and get free shipping with a subscription!Fight viruses, remove heavy metals and microplastics, and restore your gut all at once with
Humic and Fulvic Acid from Ascent Nutrition.
MUST HAVE DETOX POWERHOUSE!
Stillness in the Storm Editor: Why did we post this?
The news is important to all people because it is where we come to know new things about the world, which leads to the development of more life goals that lead to life wisdom. The news also serves as a social connection tool, as we tend to relate to those who know about and believe the things we do. With the power of an open truth-seeking mind in hand, the individual can grow wise and the collective can prosper.
– Justin
Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.
Stillness in the Storm Editor’s note: Did you find a spelling error or grammatical mistake? Send an email to [email protected], with the error and suggested correction, along with the headline and url. Do you think this article needs an update? Or do you just have some feedback? Send us an email at [email protected]. Thank you for reading.
Source:
https://www.thegatewaypundit.com/2021/04/irs-data-shows-democrats-now-party-rich/
Support our work! (Avoid Big Tech PayPal and Patreon)DIRECT DONATION
Leave a Reply