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Wednesday, May 18, 2022

Opinion | Despite AOC’s infamous dress, Democrats are getting cold feet on actually taxing the rich

Meanwhile some socially valuable pay-fors, such as carbon or gas taxes, are off the table because they would affect households making less than $400,000. Perplexingly, Democrats have simultaneously argued tobacco and nicotine taxes wouldn’t violate this rule, even though such taxes are disproportionately paid by lower-income people. Apparently, the only people Democrats reliably count as “rich” these days are billionaires, hundred millionaires and smokers.

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