Jim Acosta
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Why NYC Wealth TaxShould Hit NYC Second Homeowners Hard! | Steve Schmidt
Posted
April 21, 2026
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15,196
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April 21, 2026
15,196
825
21
5.57%
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0:35Now PlayingSteve Schmidt, former Republican strategist turned one of Trump's most vocal critics, joins Jim Acosta with an argument that could reshape the Democratic Party's entire 2026 midterm strategy — that Democrats are sitting on a winning issue they refuse to claim. With over 45 Democrats now pushing wealth tax legislation in Congress and a tax code that Schmidt says leaves middle-class Americans getting crushed while billionaires evade everything, he argues the party has a once-in-a-generation opening to become the tax reform party. The question isn't whether the issue is popular — polls show it overwhelmingly is — it's whether Democrats are bold enough to actually own it before the midterms.
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