Democrats release their tax plan.

I’m Isaac Saul, and this is Tangle: an independent, ad-free, subscriber-supported politics newsletter that summarizes the best arguments from across the political spectrum on the news of the day — then “my take.”

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Today’s read: 12 minutes.

Democrats tax bill. Plus, a question about Larry Elder and some fascinating numbers on money in America.

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Quick hits.

1. California Gov. Gavin Newsom beat back a recall attempt by a decisive margin. With 68 percent of the vote reported, 63.9 percent of voters had chosen to keep Newsom while 36.1 percent wanted to replace him. (The results)

2. The share of Americans living in poverty dropped in 2020 when government benefit programs and stimulus payments were taken into account, despite the Covid-19 pandemic. But household incomes still fell by 2.9 percent. (The surprise)

3. Nearly three million Americans used a special six-month period created during the pandemic to sign up for subsidized health insurance, according to the White House. However, the percentage of Americans without health insurance still rose last year. (The enrollment)

4. A new book alleges that Joint Chiefs Chairman Gen. Mark Milley had backchannel calls with his Chinese counterpart days after the Jan. 6 riots to assure him he would prevent President Trump from ordering a military attack. (The claims)

5. Former Presidents Bush, Clinton and Obama are banding together behind a new group aimed at supporting Afghan refugee resettlement in America. (The coalition)

Today’s topic.

Taxes. On Monday, Democrats released a new tax plan that would raise rates on corporations and the wealthiest Americans in order to offset some