Under pressure, Pelosi signals she’ll bail out the wealthy on taxes

House Speaker Nancy Pelosi (D-CA) and many of her Democratic colleagues have a history of attacking former President Donald Trump’s tax policies, which they claim standed only to benefit America’s wealthiest citizens.

However, in a reversal of her anti-wealthy beliefs and increased pressure from a number of blue-state Democrats, Pelosi signaled this week that she’s open to including language in President Joe Biden’s upcoming infrastructure bill to lift what’s known as the SALT tax cap, which would only serve to benefit wealthy individuals in highly-taxed states, such as New Jersey and New York, according to Fox Business

A number of Democrats who represent states in which wealthy constituents would benefit from repealing the SALT cap reportedly threatened to withdraw support for Biden’s upcoming $2.25 trillion infrastructure bill unless they work in language that lifts the Trump-era cap on what taxpayers who itemize can deduct in the form of state and local taxes.

Pelosi said that she’s “sympathetic” to some of her colleagues’ concerns with the SALT cap, suggesting that she would support the ability to have it lifted.

But one could easily argue that her sudden interest in making that happen is nothing more than a political numbers game. Given her extremely narrow hold of majority power in the lower chamber, Pelosi cannot afford to lose any votes for Biden’s bill from her side of the political aisle.

The same situation will unfold in the Senate, as with a 50-50 split of power, Democrats cannot afford to lose even a single Democratic vote, even if they use the budget reconciliation method — which only requires a simple majority vote — to pass Biden’s bill. The margins are too slim to risk it.

The slim margins are why moderate Democrats in the House and Senate, like Sen. Joe Manchin (D-WV), hold so much influence and power at this point in time. The moderates are the only ones keeping Democrats from going full-on radical progressive and cramming through as much legislation as they can.

The Joint Committee on Taxation made clear that repealing the SALT cap would benefit the wealthy, blue-state Americans who comprise the ranks of the one percent of wealthiest people, which is why blue-state Democrats are pushing Pelosi to make it happen. It’s all politics, as usual.

Only time will tell if Pelosi buckles to the internal party pressure, but if she want to make Biden happy and get his infrastructure bill passed out of the House without issues, then it looks as if she’ll have no choice but to fold.

 
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40 Responses

  1. I ever really realized how crooked our government was until
    Last yr when the demos starting to play there evil tricks on Pres Trump. They r just plain evil. God help us we need u more than ever. 🙏🏻🙏🏻🙏🏻🇺🇸🇺🇸🇺🇸

  2. Nancy Pelosi is a joke. That’s right “tax the rich ’til there are no rich no more”. Verse from a song back in the 60’s band “10 Years After”.

  3. Pelosi needs to be held accountable for all her money grabbing from people who have worked their entire life and are still not having enough to make it. She will never live long enough to spend her fortune that she continues to steal from the citizens. Her daddy should be very proud of her turning out just like him. We have got a man in office who is taking our country down with his freaking ink pin ,and has the brains of a 5 year old and we are unable to get him out after a fraud election. If this is government rules count me out . Everything goes to the person who doesn’t earn their pay , lie to get their way , and changes things rules to benefit them. I’m wondering if they feel the least bit sorry for the people in Arizona who are being robbed, beaten and terrorized by the armed illegals that have been set free . Oh I’m sorry the democrats are feeling no pain , because they don’t care about other people. They are heartless, just see how they’ll react if one of their family members are targeted , and with all the illegals coming in ,it’s very possible 😡

  4. Apparantly plastic face Nancy doesn’t care about us American citizens. She proves it by her discusting behavior. Go sit in your basement Pelosi …we do not want you!

  5. When you are so self serving, how is it you can tip yourself also? That must be listed as a business as usual expense.

  6. Help her Hollywood allies, we lose.
    OK I see it: Reduce SALT & then raise taxes on wealthy, makes sense.
    Right?

  7. This wrinkled witch of the west has never spoken a true word about the American people !!! How have people with common sense put up with her ??? America’s destruction is only a few more “mistakes” away – America WAKE UP !!!

  8. The younger generation have already been brainwiped by our school system
    How do we help them understand Communes is not o.k.

  9. Well here we go again, or rather business as usual, Pelosi is trying to protect the big donors to the democratic party, I think she falls into this category

  10. I don’t know about you, but shows me that she doesn’t back her other party members just her rich friends.

  11. As I approach my own 80th birthday I only hope to be around long enough to see the downfall of this evil, conniving harridan…a scourge on California and a blight on the USA!

  12. And her and chuckie when stating about voting rights !! They say this is what Americans want ????? BFS !!!! It’s what they and there cohorts want not the true Americans want damned if I want told what to do !! Never ever polosi !!!! Why don’t you and chuckie come out and speak to we the people in a crowd!! And explain why no ID required to vote we would love to hear it out of the mouth of babes!!! No it’s for cheating benefits as to why you don’t want it required !! For once be honest with we the people !!!! Miss queen !! And Chuckie !!!!

    1. That is why we need term limits, she would have been sent home years ago. We do not need persons in Washington for a lifetime. Nancy is selfish and does not care about the people. Sorry honey you should pay your share like anyone else.

  13. Pelosi was raised by a lier, in the lap of luxury was the so called princess. Mob princess. That is, she learned well from her father who was a mobster, lier, cheater, you name it he did it.

  14. Pelosi doesn’t have any teeth either.And her own husband can’t stand to see her, so all she has left is the BIG LIE.

    1. They don’t have a problem with guilt because, number one, they are SOCIOPATHS, which means they HAVE no conscience And on top of that, they are so RABIDLY immersed in radical Communist ideology, that they actually think what they are doing is RIGHT, and WHATEVER they have to do to usher in a totalitarian Communist society is JUSTIFIED–the ends justify the means. THAT’S how Communist governments murder MILLIONS of their own people in their quest for what they see as “right.” And on top of all that, ALL of them are insane. ALL of them. Insane, power-mad, completely irrational and out of touch with reality!

      1. If there was any real justice left in the USA, Pelosi and her corrupt henchmen would have been removed from office and tried for treason, long ago. I agree they are definitely Sociopaths.

    2. Apparantly plastic face Nancy doesn’t care about us American citizens. She proves it by her discusting behavior. Go sit in your basement Pelosi …we do not want you!

    3. Disgraceful Pelosi is probably on drugs too besides being a drunk. She is positively the most horrible person in our government. IMPEACH IMPEACH. What’s taking so long to get rid of the gross person?

  15. More lies !!!!apparently the only wood nancy gets is from lying to make he nose grow to a functional size

    1. OMG;WTF That witch has spent her whole life as a Government employee an is one of the Richest Wichest in the World worth over 100 million an she ain’t giving up a PENNY🖕her.

      1. I’ll second that notion, just one problem tho… she’s arrested and @ Gitmo, so it’s her double that you’re talkin about. She’ll get some dangle attention also as she deceives, mis-leads, conspires against, lies, steals, and doesn’t live up to her oath of office. And her mouth is too damn big, she cares less about America or ‘we the people’. We are in a war for our lives, right here in the USA, right now. If you can’t see it, YOU are the biggest part of the problem! If you can see what’s happening and do nothing, YOU are just as guilty! Stand up for good life, the cost is never free unless YOU are EVIL!

      2. I so Agree with you, Pelosi is one of the wealthiest and she certainly doesn’t want her taxes raised 😡

    2. the real Nancy’s at Gitmo, the cabal found someone even more insane that looks like her. Another great candidate for a good, effectively hard, dangle! These folks are nothin less than Traitors getting rich by doin the rest of us in…. there is good news though, GOD has a ‘TERRIBLE SWIFT SWORD’ and it appears that the cabal, other evil dooers, deep staters, demonrats, progressives and rino’s are answering his call… amen

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