For instance, several House Democrats have said they won’t vote for Biden’s hoped-for $3.5 trillion spending program for education, health and climate programs if it doesn’t address the $10,000 cap on the federal deduction for state and local taxes, or SALT. But some party progressives, including Ocasio-Cortez, have called the SALT deduction a give-away to the rich because they say most of the benefits flow to high-income households.
Ocasio-Cortez told the AP that the message on her dress was “about having a real conversation about fairness and equity in our system,” and that’s particularly relevant as lawmakers debate the budget reconciliation bill in Congress.
“On message for her, she’s a political genius,” billionaire Mike Novogratz said of Ocasio-Cortez’s message at the Met gala. The founder of Galaxy Digital Holdings didn’t attend the event.
But several other of his fellow billionaires did, including Blackstone Group CEO Stephen Schwarzman, Alejandro Santo Domingo — who oversees the fortune of Colombia's richest family, Joe Gebbia, co-founder of Airbnb, and Barry Diller, chairman of IAC/InterActiveCorp. None of them made a statement with their outfit.
This article was provided by Bloomberg News.