"They've not only abandoned many of the new taxes on the rich and on corporations that they once promoted, they can't even bring themselves to roll back the Trump tax cuts, which every single Democratic lawmaker opposed in 2017."So why have Democrats gotten cold feet? The problem is partly that the Democratic voter base has shifted toward the college-educated, professional class, therefore becoming higher-earning. It's uncomfortable for Democrats to endorse taxes on their own constituents, particularly when those constituents don't realize that they, too, are technically rich."
"Joe Biden promised to pay for his big social-spending proposals by raising taxes on the rich and nobody else. Now Democrats are rushing to find a big pot of money without raising headline rates of tax at all. They are making a mess of it."