IT’S OBVIOUS, BUT IT’S STILL A BIG DEAL TO SEE IT ADMITTED IN THE ATLANTIC: The Democrats Fighting to Protect the Coastal Elite: Who Benefits From Progressive Climate Policy? “Menendez wants to shield those people too, because in high-cost New Jersey, owning a million-dollar home is not a signifier of extreme wealth. The state has one of the country’s largest percentages of homes valued at more than $1 million, and its median home price is well over the national average. On that score, the battle over flood insurance resembles the debate among Democrats over the state and local tax deduction, or SALT. Lawmakers from New Jersey, New York, and other high-tax states have demanded that Congress revive the tax break—which Republicans gutted under President Donald Trump—despite the fact that its biggest beneficiaries would be millionaires.”
Related: Climate Change: Tax the Blue Zones!