Pelosi pushes 'SALT shakeup'
stimulus that could reduce
her tax bill and enrich
her wealthy district
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.
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Pelosi pushes 'SALT shakeup'
stimulus that could reduce
her tax bill and enrich
her wealthy district 27 replies
stimulus that could reduce
her tax bill and enrich
her wealthy district 27 replies
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.
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Comments:
Nancy Pelosi MUST lose the Speaker's job!