Dems: Repeal, Replace GOP Tax Cuts

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With midterm elections two-and-a-half weeks away and the 2020 presidential race around the corner, prominent Democrats are embracing an ambitious idea: Repeal and replace the $1.5 trillion Republican tax plan. The proposals would get rid of the tax cuts and, in turn, funnel that money into government-guaranteed cash for low- and middle-income households. “The idea was to provide a clear contrast with Donald Trump,” Khanna told CNBC in an interview. “You know what you could actually do with this money? You could give anyone making under $75,000 a raise.”

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