The oligarchs couldn't give a shit since they're immune to paying taxes. Is it just pandering to the libertarians lol?
I mean I'm all for it, at least in the States not in general, not that it'll pass. I guess it puts the Democrats in the hilarious situation of having to defend an institution that 99% of the time only attacks people barely scraping by again. That won't look out of touch at all.
Mix that with the earlier threats of the IRS coming after people making like 600 dollars a year online, you have a really good platform to attack the Dems on.
It's an overstep because they know it won't pass. It's spectacle and shows their base they are putting out bold legislation.
Functionally it is manufacturing consent for cutting payroll taxes soon. And probably some other taxes.
It's not so much a money grab as it is a lever to make the line go up. And the line needs to keep going up. :stonks-up: