Meanwhile, on payfors: Sen. Jon Tester said that a Biden administration proposal to impose capital-gains taxes upon a person's death after a $1M per-decedent exemption was unacceptable to him. "We don't like that," Tester said on Monday night. "That's a non-starter."

https://twitter.com/siobhanehughes/s...36621095866371


For all the terror over Biden planning to put up taxes on wealthy people for it to happen he's going to need sixty votes in the Senate, fifty to do it temporarily. To get even fifty he needs to get moderate Democratic senators to vote for it and there's no chance that some of them will. Just shows you who these senators work for -- the median income in Montana is $28000.

Families still get six million from an estate on the death of the estate holder tax free. Potentially hundreds of millions more tax free if they plan their taxes correctly. This is an attempt to raise taxes on only capital gains from stocks over a million dollars, gains that currently attract a zero rate and it's a bridge too far for half a dozen senators even though it would benefit millions in their states with the new programmes it would fund.

It's also incredibly popular with voters. Even a majority of Republican voters support raising these taxes. Yet half the media smear it as far left and a handful of senators funded by a handful of very wealthy people in their respective states can block it.

Relatedly:


Insane stat via @atausanovitch
: 54 senators who voted for January 6 commission represent 87 MILLION more Americans than 35 GOP senators who blocked it


54 yes votes for 1/6 commission represent 191 million Americans (57% of population) 35 no votes represent 104 million Americans (31% of population) This is not how democracy supposed to work


https://twitter.com/AriBerman/status...43182790897664