To Nancy Pelosi, all politics is local – even in an epidemic of global proportions.
The House speaker, who hails from one of the wealthiest congressional districts in the United States, is pushing to use government efforts to fight the coronavirus outbreak as a weapon to fight for a tax break that would benefit the wealthiest Americans – very much including her neighbors.
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Dems have told us that they will never let a crisis go to waste. Pelosi is trying to make good on that promise by aiming to roll back the SALT cap, which would result in funneling money to the Wealthy elite. nytimes.com/2020/03/30/bus…4910:30 AM - Apr 1, 2020
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Less than a week after President Donald Trump signed a $2 trillion emergency relief measure to help Americans hit hard by the coronavirus outbreak, Pelosi wants a new recovery package to include a restoration of tax deductions for wealthy Americans in high-tax states, according to Fox News.
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The state and local tax deduction was eliminated by the Republican tax reform of 2017 — the tax reform that helped spur an economy that was roaring before the coronavirus hit.
For Pelosi, the San Francisco liberal who represents a California district where the median household income is $113,919, according to the Census Bureau, that would mean getting back a big tax break for her neighbors – and herself.
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As Fox reported:
“Pelosi and her husband have a property tax liability of approximately $198,337.62 considering their two homes, a winery and two commercial properties, public records show, indicating that the couple could reap substantial benefits in the event of a full SALT repeal.”
Do you think this Pelosi tax cut for the wealthy will get past the Senate?
3% (6 Votes)
97% (197 Votes)
Imagine a Democrat reaping “substantial benefits” from government tax policy.
It was almost enough to make social media users think Pelosi’s professed sympathy for the poor had more to do with hypocritically helping herself and her wealthy neighbors than aiding the country’s less fortunate.
