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Democrats routinely demonize the Republican Party as wanting to give big corporations and wealthy Americans a tax break, arguing that conservative economic plans hurt middle and lower income Americans.

Now, House Speaker Nancy Pelosi (D-Calif.) wants to give higher-earning Americans tax relief in the next coronavirus stimulus package.

In an interview with the New York Times, Pelosi suggested reversing a $10,000 cap on state and local tax deductions — known as SALT — included in the 2017 Republican tax reform bill.

“We could reverse that for 2018 and 2019 so that people could refile their taxes,” Pelosi said. “They’d have more disposable income, which is the lifeblood of our economy, a consumer economy that we are.”

The rollback “would provide a quick cash infusion in the form of increased tax rebates to an estimated 13 million American households,” according to the Times.

However, those benefiting would be exclusively American households earning more than $100,000 per year — dare we say, the wealthiest Americans.

Democratic politicians oppose the SALT deduction limits because they often represent wealthier Americans who live in states and cities with high taxes, such as California, New York, and New Jersey.

Pelosi’s idea generated bipartisan opposition..

“Restoring the SALT deduction, as Speaker Pelosi advocated, would once again force low and middle income people to subsidize wealthy individuals in high tax states and municipalities — like the Speaker’s home in San Francisco, California,” Sen. Pat Toomey (R-Pa.) said, The Hill reported.

Meanwhile, Seth Hanlon, a senior fellow at the liberal Center for American Progress, told the Times that Pelosi’s proposal “doesn’t strike me as the most effective way of targeting economic stimulus.”

“There are ways you could target it to truly middle-class people,” Hanlon explained. “The problem is, relatively few middle-class people claim SALT.”

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8 Comments
  • Evangeline says:

    She is so focused on everything against Trump and that’s bad for the American people. Still can’t believe she insisted on spending 355 million of our stimulus money on Kennedy Center when that money would have housed, fed and clothed all the homeless people in her district!

    • ann says:

      Polosi is still in a rut about her agenda , money and power !! She has no interest in helping those who struggle day by day to survive when she wants to give money to something like the Kennedy Center when we are in dire need for people’s lives and needs !! This is a woman who’s suppose to look out for those needs and this is a woman who does not do that !! VOTE HER OUT IN NOVEMBER I urge you !!

    • Ric Carter says:

      It wasn’t that much money to the Kennedy Center.

      • Jeanie says:

        Are you kidding me??!! As soon as they got notified of all the money they got rid of 1100+ employees… April 3rd is your last paycheck people!!! Where do you suppose all those millions are going???

  • Don says:

    This old cunt Piglosi need to back to her Shithole – SFO help homeless folks, pathetic. Instead of, playing politic in DC.

  • Nr says:

    Bella Pelosi, better known as Dracula. Sneaked in a 1 billion Dollar funding for Plan Parenthood (The abortion factory) and other things that have nothing to do with the Coronavirus bill. Evil and Devious indeed! Never let a crisis go to waste is one of the Demoncrat 10 Satanic Commandments.

    Wuhan Virus Bioweapon AKA: China Virus, Coronavirus weaponized by China and their treasonous Godless demoncratic Commie party and cohorts the MSM fake media, academia, Hollywood, Millennials.RINOs..to crash the greatest US economy ever! And to take down the greatest president ever, President Trump!! Keep up the great work President Trump! 2020 and beyond! From the Patriots of a Commie Demoncrat free America!

    *SCENE 1 :
    The curtain opens: China becomes ill, enters a “crisis” and paralyzes its trade. The curtain closes.

    *SCENE II.*
    The curtain opens: The Chinese currency is devalued. They do not do anything. The curtain closes.

    *SCENE III.*
    The curtain opens:: Due to the lack of trade of companies from Europe and the USA that are based in China, their shares fall 40% of their value.

    *SCENE IV.*
    The curtain opens:: The world is ill, China buys 30% of the shares of companies in Europe and the US at a very low price. The curtain closes.

    *SCENE V.*
    The curtain opens: China has controlled the disease and owns companies in Europe and the US. And he decides that these companies stay in China and earn $ 20,000Billions. The curtain closes. How is the play called?

    *SCENE VI:*
    *Checkmate!*

    *Amazing but true*

    At first they were too prepared. Three weeks after the start of the roll, 14 days and a 12,000-bed hospitals were already under construction. And they really built them in two weeks.

    Awesome.

    Yesterday they announced that they had stopped the epidemic. They appear in videos celebrating, they announce that they even have a vaccine. How could they create it so quickly without having all the genetic information? Well if you are the owner of the formula it is not difficult at all.
    And today I just saw a video that explains how Den Xiao Ping gave the west a half stick. Due to the coronavirus, the actions of Western companies in China fell dramatically. China I just hope, when they went down enough they bought them. Now the companies, Created by the USA and Europe in China with all the technology put in by these exchanges and their capital they passed into the hands of China, which is now rising with all that technological potential and will be able to set prices at will to sell everything they need to the West. How are you?

    None of this could have happened by chance. China who cared that a few old men died? Fewer old-age pensions to pay, but the loot has been huge. And right now the West is financially defeated, in crisis and stunned by the disease. And without knowing what to do.

    Masterfully diabolic. It had to be the communists. |

    Adding to this, they are now the single largest owners of US treasury with 1.18 trillion holding surpassing Japan.
    An instrument that has seen the most rally

    One ☝ prospective & Analogy
    ——-_————–_——-////-//////
    How come Russia & North Korea have Low or Zero incidence of Covid- 19 ?

    Is it because they are staunch allies of China

    On the other hand USA / South Korea / United Kingdom / France / Italy / Spain and Asia are severely hit

    How come Wuhan is suddenly free from the deadly virus?

    China says that the drastic initial measures that they took were very stern and Wuhan was locked down to contain the spread to other areas

    Why Beijing was not hit ? Why only Wuhan?

    It is interesting to ponder upon.. right ?

    Well ..Wuhan is open for business now

    Covid – 19 needs to be seen in the backdrop of the arm twisting of China by USA in the trade war

    America and all the above mentioned countries are devastated financially

    Soon American economy will collapse as planned by China.

    China knows it CANNOT defeat America militarily as USA is at present THE MOST POWERFUL country in the world.

    So use the virus…to cripple the economy and paralyse the nation and its Defense capabilities.

    I am sure Nancy Pelosi got a part in this…. to topple Trump….

    Lately President Trump has always been telling of how the GREAT American economy was improving on all fronts and jobs were coming back to the USA

    The only way to destroy his vision of making AMERICA GREAT AGAIN is to create an ECONOMIC HAVOC.

    Nancy Pelosi was unable to bring down Trump through impeachment…..so work along with China to destroy Trump by releasing a virus.

    Wuhan’s epidemic was a showcase.

    At the peak of the virus epidemic….China’s President Xi Jinping…just wore a simple RM1 facemask to visit those effected areas.

    As President he should have been covered from head to toe…..but that was not the case.

    He was already injected to resist any harm from the virus….that means a cure was already in place before the virus was released

    China’s vision is to control the World ECONOMY by buying up stocks now from countries facing the brink of severe ECONOMIC COLLAPSE…..Later China will announce that their Medical Researchers have found a cure to destroy the virus

    Now China shall OWN the stocks of All Western Alliances and these countries will soon be slave to their NEW MASTER….. CHINA

  • LST says:

    Hasn’t Piglosi dropped dead yet? What the fuck is taking her so long. Die already, bitch!

  • CF
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