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...