Speaker of the House Nancy Pelosi (D-CA) was just publicly nailed and she can’t believe anyone noticed. She has been caught red-handed being sneaky again — and now many Americans want answers.
“House Speaker Nancy Pelosi has prioritized giving the wealthy a tax cut in the form of a temporary elimination of the state and local tax deduction cap” as part of the proposed Democratic stimulus, reported the Washington Examiner.
In short, what’s known as the ‘SALT deduction’ allows the wealthy “to pawn off part their state and local tax burden to lower-income workers in red states,” and Pelosi wants to remove the cap (currently $10,000) entirely.
Tiana Lowe, writing for the Examiner, points out in her article the irony and hypocrisy of this move by Pelosi. “More than half of the benefit would go to the much-reviled ‘1%,'” she noted. But Democrats are tone-deaf.
As the United States goes through an unexpected economic downturn due to COVID-19, Pelosi, unconscionably, wants the next round of stimulus to literally give a hand-out to high-income earners and make us all pay for it.
Americans should demand that if another round of stimulus is actually needed to keep our economy from failing, then it should be a clean bill — including tax relief that will benefit most Americans, not just a select few.
Read the full story here.