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Tax cuts are the hot new idea for Democrats

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NBC News
2026/04/06 - 09:00 501 مشاهدة
ElectionsTax cuts are the hot new idea for DemocratsNew tax cut plans from 2028 presidential prospects and major Democratic candidates for governor have spurred a "wonk revolt" from liberal and moderate policy experts.Listen to this article with a free account00:0000:00Sen. Cory Booker of New Jersey and former Rep. Katie Porter of California are among Democrats pushing new tax breaks.Getty ImagesShareAdd NBC News to GoogleApril 6, 2026, 5:00 AM EDTBy Sahil KapurWASHINGTON — Tax cuts are becoming the hottest new idea in Democratic politics from coast to coast, as candidates across the party spectrum seek to capitalize on cost-of-living struggles and win back working-class voters.Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.Sens. Cory Booker, D-N.J., and Chris Van Hollen, D-Md., recently rolled out sweeping tax cut plans. Booker seeks to create a federal tax exemption for up to $75,000 in income for married couples. Van Hollen wants to set that figure at $92,000. Both have been floated as potential 2028 presidential candidates.In California, progressive candidate for governor Katie Porter, a former Democratic congresswoman, is proposing to wipe out state income taxes for California families making up to $100,000 per year.In Georgia, gubernatorial candidate Keisha Lance Bottoms, a former mayor of Atlanta and Biden administration official, is campaigning on “eliminating state income taxes for teachers.”The trend has sparked a “wonk revolt” uniting policy experts from the center to the left against the new trend, said Zach Moller, senior director of economic policy at the moderate Democratic group Third Way.He said the divide is part of a “Democratic Cold War” between those who want to give tax breaks to certain groups and policy-minded figures who favor a broad revenue base.The critics warn that Democrats cannot plausibly fund a European-style safety net if they continue to push for slashing revenues or sh...
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