Originally Posted by
Legion
Pelosi is moving on to “phase four” of the DEMOCRATS’ China virus rescue package: save the (DEMOCRAT) millionaires.
The Pelosi plan would remove a cap on the state and local tax deduction (SALT) that could quickly put cash in people’s pockets—but the beneficiary won’t be average American workers. The beneficiaries will be the real base of the DEMOCRAT Party: millionaire liberals from coastal states, like Pelosi herself.
The tax rebates would affect approximately 13 million families—very wealthy families, all of which are earning at least $100,000 and many over a million per annum.
“More than half of the proceeds from fully repealing the SALT cap would go to the top 1 percent, households making more than about three-quarters of a million dollars a year,” reports Politico.
To hear Nattering Nancy explain the cash infusion, it’s just some extra beer money at the end of the month: “We could reverse that for 2018 and 2019 so that people could refile their taxes” and receive more substantial rebates, Pelosi told the failing Blue York Crimes. “They’d have more disposable income, which is the lifeblood of our economy, a consumer economy that we are.”
The cruel irony of this latest DEMOCRAT ploy is that the SALT cap was put in place as part of President Trump’s tax cuts in 2017.
Those are the same tax cuts that Pelosi wanted to repeal because, supposedly, "only the wealthy would benefit" from them.
https://humanevents.com/2020/04/02/nobody-knows-how-to-politicize-a-pandemic-like-nancy-pelosi/
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