Please disable your Ad Blocker to better interact with this website.

Nancy Pelosi Using Coronavirus Crisis To Push Tax Break for Her Wealthy Neighbors

Chris “Badger” Thomas RIGHT WING TRIBUNEOPINION

House Speaker Nancy Pelosi, D-Calif., is pushing for a new stimulus bill that would roll back the state and local tax deduction (SALT) cap, a proposal that would predominantly help wealthy individuals — including most residents in Pelosi’s district and perhaps even Pelosi herself.

Fox News reports that a 2019 report from the Joint Committee on Taxation projected that of those who would face lower tax liability from the elimination of the SALT cap – which only affects those who itemize tax deductions – 94 percent earn at least $100,000. The government would lose out on $77.4 billion in tax dollars, with more than half of that amount being saved by taxpayers earning $1 million or more. Those earning more than $200,000 would reap most of the balance.

Pelosi is a traitor to her nation and to the people of the United States and during a national emergency in-which hundreds of thousands of people could pass and millions suffer from the virus, all Pelosi cares about is getting richer for herself and her “people”.

take our poll - story continues below

Will You Be Voting In Person November 3rd?(2)

  • Will You Be Voting In Person November 3rd?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Right Wing Tribune updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

As Fox reports,California’s 12th congressional district, which Pelosi represents, is among the wealthiest in the U.S., with a median income of $113,919, according to census data. The average household income is $168,456 — meaning most residents would benefit from any significant cut to SALT.

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.

Let that sink in, while people are suffering and others struggle on how they can even put food on the table, Pelosi is finding ways to feed her greed and use the government emergency stimulus to her own advantage.

“This is a nonstarter. Millionaires don’t need a new tax break as the federal government spends trillions of dollars to fight a pandemic,” a spokesperson for Grassley said.

“Mrs. Pelosi’s remarks underscore the potential for further political mischief and long-term damage as the government intervenes to stimulate the economy,” The Wall Street Journal editorial board wrote Tuesday. “When Democrats next complain that Republicans want to cut taxes ‘for the rich,’ remember that Mrs. Pelosi wants to cut them too—but mainly for the progressive rich in Democratic states.”

Chris “Badger” Thomas is a Veteran who served our country as an Army Combat Medic.

Right Wing Tribune Is Proud To Be Listed As # 16 On The Top 40 Conservative Political Blogs!

Join us at SPREELY if you want REAL NEWS without the leftist censorship!

Also join us at MUMBLIT

Dean James at Right Wing Tribune

God Bless.

Please take a moment and consider sharing this article with your friends and family. Thank you, we appreciate it!

Facebook Has Banned Us!

The leftists at Facebook decided they didn't like our message, so they removed our page and are censoring us. Help us fight back and subscribe to our newsletter so that you can stay up-to-date with everything Facebook doesn't want you to see!

YOU MIGHT LIKE
0SHARES[mashshare]
Follow Me On Twitter!