Pelosi pushes 'SALT shakeup'
stimulus that could reduce
her tax bill and enrich
her wealthy district
Fox News,
by
Gregg Re
Original Article
Posted By: barbcrose,
4/2/2020 4:06:38 AM
House Speaker Nancy Pelosi, D-Calif., is pushing for a new stimulus bill that would roll back the state and local tax deduction (SALT), a proposal that would predominately help wealthy individuals -- including most residents in Pelosi's district and perhaps even Pelosi herself.
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.
Reply 1 - Posted by:
WhamDBambam 4/2/2020 6:42:20 AM (No. 365836)
She needs to be publicly and regularly embarrassed for the rest of her "career."
32 people like this.
Reply 2 - Posted by:
watashiyo 4/2/2020 6:43:47 AM (No. 365837)
She's a miserable, sad old lady. Incapable of joyful and happy life. Be grateful yours is better than hers.
26 people like this.
Reply 3 - Posted by:
FleetUSA 4/2/2020 6:46:35 AM (No. 365839)
The SALT deduction hurt the east/west coast progs the most. It is top of their agenda. I'm surprised she didn't put in their fake Wuhan flu relief bill she tried to foist on us last week. Benefits for billionaires/millionaires.
21 people like this.
Reply 4 - Posted by:
jeffkinnh 4/2/2020 7:00:01 AM (No. 365848)
This attempt is perfectly aligned with who the dems REALLY are. They are people who are leeches on the political system, sucking out power and money.
The limits on SALT deductions prevent states that abusively tax their citizens from passing the effects of that abuse to the federal level. We were subsidizing California and New York's inflated and excessive taxes. Further, the richer you are, the more you benefited from the pass through.
23 people like this.
Reply 5 - Posted by:
Bur Oak 4/2/2020 8:07:15 AM (No. 365891)
She is just the most obvious of the "enrich thyself through legislation" politicians. Keep this in mind when considering to vote for an incumbent, especially one that has been in Washington for more than 10 years.
17 people like this.
Reply 6 - Posted by:
901AtTheRiver 4/2/2020 8:22:12 AM (No. 365908)
The speaker is not the slightest bit subtle about her conflict of interests.
14 people like this.
Reply 7 - Posted by:
Osprey21 4/2/2020 8:29:05 AM (No. 365914)
Just die already, will ya. The country will be better off when that looney toon is gone.
7 people like this.
Reply 8 - Posted by:
jacksin5 4/2/2020 8:41:40 AM (No. 365928)
Ain't gonna happen while Donald Trump is President. But it will be twisted into propaganda against the President.
8 people like this.
Reply 9 - Posted by:
czechlist 4/2/2020 8:48:45 AM (No. 365932)
The largest DNC donors want to write off the state and local taxes on their mansions. Taxes are so middle class.
8 people like this.
Reply 10 - Posted by:
msjena 4/2/2020 8:50:42 AM (No. 365935)
Another tax cut for the rich!
11 people like this.
Reply 11 - Posted by:
Muguy 4/2/2020 9:02:34 AM (No. 365945)
While Nasty Piglosi is the Speaker, its high time to make her irrelevant. Time for others to be exposed as well for their blatant efforts to destabilize our nation.
When one sees the ACTUAL timeline of events since January, the demonrat socialists were the the once focused solely on a FAKE, UNSUBSTANTIATED impeachment agenda TO THE EXCLUSION OF ALL ELSE in an effort of foot-dragging, stonewalling and delay timed to ruin the President's election chances. Their propagandists in the media have been in lockstep with these efforts.
The Russians and Saudis flooding the market with oil hurts our oil industry, but the hiding and corruption of the Chi-Coms, WHO and the CDC to report the FACTS in a timely manner, but their efforts have been exposed as they seek to have their way by crashing EVERYONE.
They current 'crisis' was taken advantage of to load corrective action to help citizens with LOADS OF PORK, which was NOT needed.
PIglosi ALREADY has a list of crap to try to pass to radically change things--We The People MUST NOT LET THEM GET AWAY WITH IT again.
10 people like this.
Reply 12 - Posted by:
Venturer 4/2/2020 9:12:00 AM (No. 365957)
She is only doing what she has always done.
7 people like this.
Reply 13 - Posted by:
Winstonian 4/2/2020 9:39:04 AM (No. 365987)
“The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.”
― Frédéric Bastiat
3 people like this.
Reply 14 - Posted by:
Arby 4/2/2020 10:37:18 AM (No. 366042)
Fascinating. 'Dem lyin' dims keep talking about how the tax cuts only helped the wealthy, but obviously they didn't. The wealthy took a big hit when they lost all of these deductions. Unfortunately for SanFranNan, many of those wealthy are her constituents, so damn the ideology and the previous lies, full speed ahead. Her name should live in infamy. Come on people, get out to vote in November and force her to get off her broom and hand over the gavel to brother Kevin.
5 people like this.
Reply 15 - Posted by:
marbles 4/2/2020 11:04:20 AM (No. 366070)
We should always be aware of what the nasties are up to. They're nasty people. No need to get bent out of shape on this because as long a Trump is our president this will never get passed
2 people like this.
Reply 16 - Posted by:
StrikingViking 4/2/2020 11:22:04 AM (No. 366095)
When wealthy Democrats in high-tax Blue States were able to deduct every penny of SALT, the poor saps in fly-over Red States had to make up the difference. This was a classic case of wealth transfer from the poor to the wealthy. The Democrats want to return to full deductibility because they don't give a rat's patootie about America's Middle Class.
4 people like this.
Reply 17 - Posted by:
kono 4/2/2020 11:31:03 AM (No. 366107)
Calling Nancy's district wealthy is a gross oversimplification. While a couple of the neighborhoods are wealthy enclaves, they are surrounded by other neighborhoods where poverty, gangs, drugs, bums, and crime are everywhere. Visit the Mission District and the primary impression you take away will probably not be 'wealthy'. Though some neighborhoods are FAR worse (Bayview, Hunter's Point, the Tenderloin), the freaky, funky, semi-psychotic soup of human extremes in her district can, at best, be characterized a "culturally rich".
3 people like this.
Reply 18 - Posted by:
AIRFORCE1 4/2/2020 11:37:53 AM (No. 366117)
she should resign her place in congress, it would make this country a whole lot better and at the same time Adam Schiff should do the same. Two useless representatives.
2 people like this.
Reply 19 - Posted by:
little guy 4/2/2020 12:04:22 PM (No. 366146)
I thought Nancy was okay with the Karl Marx concept of from each according to their means and to each according to their needs? I guess not.
Look close at the recent stimulus and you'll see all sorts of things that benefit Nancy's husband, Paul, and his various businesses: like canning tuna for StarKist in Samoa, his grape growing farms, his winery, real estate leasing, etc. She has disclosed on her Federal employee disclosure form to be worth $39 million but most place their worth together to be closer to $120 million.
1 person likes this.
Reply 20 - Posted by:
moonlightflip 4/2/2020 12:37:32 PM (No. 366201)
Pelosi and the dem-socialists are more dangerous to the country and to freedom than the virus.
0 people like this.
Reply 21 - Posted by:
RedWhite&Blue2 4/2/2020 12:49:24 PM (No. 366223)
Pelosi IS the virus!
2 people like this.
Reply 22 - Posted by:
HotRod 4/2/2020 1:42:08 PM (No. 366288)
No, Pelosi! The democrat-run ''hot spots'' are already getting the lion's share of resources, paid for by all of us. States with no state income tax, which are well-run and managed much better, get no federal tax relief.
I suggest that the blue states with high taxes should look to their own budgets to identify reduced spending. Their taxpayers will approve!
0 people like this.
What they should do is index it for varying cost of living, but max-out at $20,000.
This would better suit what's considered middle-class in places like NY and CA, for instance.
And, everyone seems to get something, if it's not crop subsidies, it's something else, so it's not just that SALT would be a gift to millionaires and billionaires.
Again, index it to reflect standards of living in places like CA and NY, but cap it at $20K, that should keep it within most folks.
0 people like this.
Reply 24 - Posted by:
Foghorn 4/2/2020 4:07:58 PM (No. 366406)
Everything she has done has been to enhance her finances. She has pushed bill through that benefited her husbands enterprises in the South Pacific island territories. He's made millions along with Nancy. How can you get about $225 a month and become a multi millionaire over 32 years, insider trading.
0 people like this.
Reply 25 - Posted by:
qr4j 4/2/2020 4:23:57 PM (No. 366419)
So . . . not really for the little guy/gal after all is she? I never really thought she was.
0 people like this.
Reply 26 - Posted by:
NotaBene 4/2/2020 4:51:47 PM (No. 366450)
The 10,000 maximum for SALT deduction was the revenge of Republican America. Let New York and California pay for their state and local taxes. If you pay 10,000 it means you are rich enough. Pay.
0 people like this.
Reply 27 - Posted by:
uptoome 4/2/2020 6:55:43 PM (No. 366522)
Who cares? The stupid voters in her district will re-elect her, regardless what she does.
0 people like this.
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Nancy Pelosi MUST lose the Speaker's job!