Culture

Pelosi Tries To Personally Cash In On Coronavirus

In the next round of coronavirus relief, House Speaker Nancy Pelosi is trying to insert a measure that would benefit herself financially. She wants to make big bucks over the deaths of thousands of Americans. It is amazing she has the gall to attempt it.

Pelosi wants to roll back the Trump administration’s cap on state and local tax deduction (SALT). It was done to stop the rich from getting an unfair break in paying their fair share of taxes. For a party that is always on about “income inequality,” you’d think they would like this. They don’t—it hits them in their own pockets.

The GOP is fighting back. Senate Finance Committee Chairman Chuck Grassley’s office (R-IA) had this to say to Pelosi: “This is a nonstarter. Millionaires don’t need a new tax break as the federal government spends trillions of dollars to fight a pandemic.”

The Wall Street Journal opined, “Mrs. Pelosi’s remarks underscore the potential for further political mischief and long-term damage as the government intervenes to stimulate the economy. When Democrats next complain that Republicans want to cut taxes ‘for the rich,’ remember that Mrs. Pelosi wants to cut them too—but mainly for the progressive rich in Democratic states.”

Fox News reports, “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.

“Pelosi’s 2020 property taxes in Washington, D.C. totaled $13,997.20 on her Georgetown condo and garage, valued at $1,646,730. Her San Francisco property taxes totaled $51,480.02 — plus $47,631.98 from her Napa winery, $64,874.66 from a San Francisco commercial property, and $20,353.76 for another building. Property taxes for businesses and other commercial ventures generally have not been affected by SALT provisions… Pelosi and her husband have a property tax liability of approximately $198,337.62 considering their two homes, a winery and two commercial properties, public records show, indicating that the couple could reap substantial benefits in the event of a full SALT repeal.”

Two homes, commercial property, and a winery. And still she craves more, this time at the expense of the American taxpayer in time of national crisis. It will never get past negotiations with the Senate because of the obvious baggage. But that Nancy Pelosi even tried shows you what kind of person she is and where her focus is as thousands of Americans die every day.

This piece was written by PoliZette Staff on April 2, 2020. It originally appeared in LifeZette and is used by permission.

Read more at LifeZette:
Michael Keaton of ‘Batman’ fame begs President Trump to ‘please get out of the way’ amid coronavirus pandemic
MyPillow CEO Mike Lindell obliterates Jim Acosta and leftist media for making fun of him and God
Kennedy Center hid nearly $100 million endowment

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