On Christmas Eve, CNN’s Jake Tapper told Sen. Bernie Sanders (I-Vt.), “Next year, 91 percent of middle income Americans will receive a tax cut.” Tapper asked, “Isn’t that a good thing?” Sanders replied, “Yeah, it is a very good thing. And that’s why we should’ve made the tax cuts for the middle class permanent.”
Could it be that a bipartisan policy consensus has finally emerged on Capitol Hill? The leaders of both parties and most rank and file members agree that the middle class tax cuts in the new tax law should be permanent. These cuts include lower income tax rates on the middle class, the doubling of the standard deduction, and the additional $1,000 per child tax credit, all of which are set to expire after 2025. So lawmakers should make them permanent now.
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