Democrats' Tax Break for Millionaires

Tucked inside the Build Back Broke spending bill is a massive tax break for millionaires. With today's Americans for Limited Government Minute, I'm Catherine Mortensen. The Democrats claim their spending bill would help middle class Americans -- when in fact, it's a massive tax break for wealthy elites. Senator Rob Portman explains:

"Millionaires, those making over a million dollars a year, are going to get a big tax break here. Almost 70 percent of millionaires are going to get a significant tax cut under this legislation. Those between five-hundred thousand and a million dollars, ninety percent of them are going to get a tax cut under this legislation. However, if you're making thirty thousand bucks a year, only thirty percent will get a tax cut and only in the first year. In the second year it goes to 12 percent, in the third year it goes to ten percent and then down into single digits."
And the eighty-thousand new IRS agents this bill would fund -- they'll be auditing small businesses and the middle class -- not the corporate elite and millionaires.

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