Clyburn: Spending Bill Does Cut Taxes for Rich, But It's 'Not to Give Them a Tax Cut Alone'

Clyburn: Spending Bill Does Cut Taxes for Rich, But It's 'Not to Give Them a Tax Cut Alone'


On Wednesday’s broadcast of CNN’s “New Day,” House Majority Whip James Clyburn (D-SC) conceded that the state and local tax provisions in the Build Back Better reconciliation bill will cut taxes for the wealthy, but argued, “this is not to give them a tax cut alone. The state and local taxes affect everybody.”

Co-host John Berman asked, “The Joint Committee on Taxation reports that the wealthiest Americans, largely in the northeast and out west, are going to get a huge tax break for this, and this has to do with raising the limits on the SALT, state and local tax deductions. People making over a million dollars are going to save a lot of money, and it’s a big item in this bill. It’s one

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