Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 124 Share on Twitter Printer Friendly Page More Sharing
Best Web OpEds    H3'ed 2/16/20

How Bloomberg's Candidacy is a Double-Whammy to Down-Ballot 2020 Democratic Candidates

Author 39565
Follow Me on Twitter     Message Hugh Campbell
Become a Fan
  (3 fans)

Bloomberg’s Candidacy shockingly disruptive effect: hiring armies of staffers and canvassers in nearly every state at eye-popping salaries, poaching talent from other Democratic campaigns. To date, costing the Democrats a Connecticut U.S. House seat in 2020 by just 79 votes!


(Image by Tax Foundation)   Details   DMCA

Bloomberg’s $5 trillion tax plan; unfortunately for over 18 million potential 2020 voters his plan maintains the $10,000 limit on state and local tax deductions (SALT Cap).

This SALT Cap was the Achilles Heel for 27 GOP congressional candidates in 2018 whose losses were instrumental to the Democrats flipping the U.S. House by 39 net seats (the 27 seats representing a super-majority of 69%). All Democratic down-ballot candidates in the majority states unfavorably affected by the SALT Cap will be forced into an inconsistent tax policy narrative with the standard-bearer and cost them votes.
Read the rest of the story HERE:

At theintercept.com

 

Rate It | View Ratings

Hugh Campbell Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation: