Yes, the CARES Act has a tax break that benefits 43,000 millionaires

Posted on AllSides May 29th, 2020
From The Left
FACT CHECK

The Coronavirus Aid, Relief, and Economic Security Act was a roughly $2 trillion bill passed in March that provided economic assistance to everyone from unemployed workers and beleaguered small businesses to overwhelmed hospitals and state governments. Was it also a giveaway to millionaires?

Yes, according to a May 14 Facebook post.

Using simple text on a black background, the post says: "Hidden in the CARES Act was an obscure $135 billion tax break for 43,000 millionaires. Apparently, no one asked, ‘How are we going to pay for it?’"

It...

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http://politifact.com/factchecks/2020/may/26/facebook-posts/yes-cares-act-has-tax-break-benefits-43000-million/

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