Incredibly, GOP senators are demanding billions more in tax cuts for the rich

Always amazes how some people who probably make less than $40,000 a year always defend the obscenely wealthy and that it's a fair trade for them to get more tax breaks while the rest of us struggle.

The GOP complains that the capital gains tax isn’t indexed to inflation. As a result, the argument goes, taxpayers including “everyday Americans” are charged taxes on gains that are due purely to inflation, not to the real appreciation of their stocks or bonds.

Lastly, even more than the 2017 tax cut, this one would be almost exclusively a rich person’s gimme. The top 1% would collect more than 86% of the benefits, according to a 2018 analysis by the Wharton School; the bottom 90% would get 2.5% of the benefits. The change would cost the Treasury $100 billion to $200 billion over 10 years, according to expert estimates.

https://www.latimes.com/business/story/2019-07-30/gop-demands-another-tax-cut

This tax cut wouldn't go through Congress at all if they used the proposed mechanism for passage. I look forward to passage by the administration followed by bellows about too high deficits and taxes.