Pelosi Seeking Tax Breaks For Herself and Wealthy West Coast Donors

Fox News

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.

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.

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.

16 Comments on Pelosi Seeking Tax Breaks For Herself and Wealthy West Coast Donors

  1. So all that bitching after Trump’s tax cuts about him helping the rich she proposes a plan to literally benefit the rich. You’re being transparent Nancy, we can see right through you.

    12
  2. Treason, corruption and greed are one thing, but to flaunt it in everyone’s face?? This is pelosi.

    Trippy, huh?

    3
  3. She is oleaginous!

    (Word of the day – please look it up and use it in a sentence!)

    I have searched for this word to describe some politicians (Sen. Casey of PA) who after shaking his hand a few years ago I wanted to wipe it on a Clorox wipe.

    5
  4. she’ll be dead soon enough

    and then some other corrupt, evil asshole will take over where she left off

    the wheels on the bus go round and round

    7
  5. I watched Garth Brooks get the Gershwin Prize and play some of his best songs. He truly is Amazing as a singer. It was on PBS with many other singers doing his material. Great show But…

    What really pissed me off was the way HE KISSED HER ASS on stage when PELOSI walked out. More than any other politico there.

    He is from Oklahoma. WTF!

    Her of all people. I do not understand how so many people can not see her for the angry self enriching bitter person that she is.

    5
  6. Have you wondered just WHY DOES ALL OF HOLLYWOOD HATE HATE HATE PRESIDENT DONALD TRUMP?
    Crazy hate. (see: De Niro)
    They will never tell you, but it’s because he hiked their taxes with the elimination of the SALT deductions.
    There isn’t some altruistic rationale. It’s monetary.

    6

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