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Started By
Message
Pelosi looks to put-in tax breaks for wealthy blue states and infrastructure in next stimu
Posted on 3/31/20 at 12:45 pm
Posted on 3/31/20 at 12:45 pm
LINK
This woman is absolutely vile scum. Waits until a major fricking world crisis then goes into overdrive to get her friends paid. She needs to be thrown into the ocean.
Each one of these bills is just a scam to get her cronies paid.
This woman is absolutely vile scum. Waits until a major fricking world crisis then goes into overdrive to get her friends paid. She needs to be thrown into the ocean.
Each one of these bills is just a scam to get her cronies paid.
quote:
Speaker of the House Nancy Pelosi (D-CA) promised swift work on a fourth coronavirus relief package after begrudgingly agreeing to pass the third one last week, and it appears she’s already listing out priorities, including a tax break for “blue state” wealthy and a massive hike in infrastructure spending.
A report in the New York Times claims Pelosi is considering a “retroactive rollback” of “a tax change that hurt high earners in states like New York and California” — the SALT (or “State and Local Taxes” deduction) — in order, it seems, to throw a coronavirus benefit to major Democratic donors.
quote:
Pelosi, of course, complained endlessly about a “corporate handout” in the last stimulus relief package — a “handout” or “slush fund,” as it was often described by cable news commentators, that turned out to be an open fund providing low- and no-interest loans to businesses still suffering from an extended coronavirus lockdown more than six months after it ended. Democrats claimed that Treasury Secretary Steve Mnuchin was the only one in charge of doling out the loans, but the final bill passed with not one but two methods of oversight; Mnuchin was never given the ability to make independent decisions on the “corporate handouts.”
Republicans reconstructed the SALT provision back in the early days of the Trump administration, as part of a major tax code overhaul that passed in December of 2017. The tax reform bill’s authors lowered the SALT deduction cap to $10,000 — more than most middle and lower income households pay in state and local taxes, anyway — and instead raised the standard deduction, letting middle and lower income households take larger, regular deductions on their taxes if they so desire.
The move angered Democrats at the time because it largely affected their prime constituencies — and, it seems, even the New York Times recognizes that Pelosi is using a coronavirus relief bill to resurrect the measure.
Pelosi is also taking the opportunity of a fourth coronavirus relief package to pass massive infrastructure spending — something she seems to believe could help save her with President Donald Trump if Republicans balk at other measures included in the bill.
“The president said during the campaign — and since — infrastructure was a priority for him. So that’s why we believe that in terms of recovery, that’s probably the most bipartisan path that we can take,” Pelosi told a weekly press call Tuesday.
President Trump seemed to agree, at least initially, tweeting on Tuesday that he supports a $2 trillion infrastructure spending package noting that it could be a “VERY BIG & BOLD” way of addressing an economic downturn, particularly when interest rates are hovering near or meeting zero.
Before the two parties ink any deals, Senate Majority Leader Mitch McConnell (R-KY) says he’d like to see precisely what Pelosi is proposing and, no matter what, no relief is likely to pass before early May, after Congress returns from its month-long Easter recess.
Posted on 3/31/20 at 12:46 pm to tiggerthetooth
Good - restoring the SALT provision will:
1. help yours truly (young and suddenly struggling upper middle-class homeowner in Portland, OR)
2. Slow the migration of liberals from CA and WA to Texas and Arizona (which will help kill the GOP)
3. We need to spend on infrastructure anyway. That was one of Trump's big pledges.
1. help yours truly (young and suddenly struggling upper middle-class homeowner in Portland, OR)
2. Slow the migration of liberals from CA and WA to Texas and Arizona (which will help kill the GOP)
3. We need to spend on infrastructure anyway. That was one of Trump's big pledges.
This post was edited on 3/31/20 at 12:49 pm
Posted on 3/31/20 at 12:47 pm to tiggerthetooth
Can we roll back that Salt for my current tax filing?
If not doesn't help me
If not doesn't help me
Posted on 3/31/20 at 12:47 pm to tiggerthetooth
So, she doesn't want the rich to pay their fair share?
Posted on 3/31/20 at 12:48 pm to SirWinston
quote:
3. We need to spend on infrastructure anyway. That was one of Trump's big pledges.
How much of that money you think ends up building infrastructure and how much ends up in one of Nancy's cronies pockets?
Posted on 3/31/20 at 12:53 pm to tiggerthetooth
quote:
Pelosi is considering a “retroactive rollback”
any tax change that can be described this way is a handout
This post was edited on 3/31/20 at 12:54 pm
Posted on 3/31/20 at 12:56 pm to tiggerthetooth
Where are the republican equivalents to these democrats who NEVER stop fighting for their side? Republicans can have super majorities and still give in to the democrats. They should be tarred and feathered
Posted on 3/31/20 at 12:58 pm to tiggerthetooth
New York and California will need more help than Alabama and Mississippi. Are you retarded?
Posted on 3/31/20 at 1:00 pm to Janky
quote:
So, she doesn't want the rich to pay their fair share?
Apparently.
GOP should propose raising it to $17.5k. Anything more than that is "a giveaway to the rich."
Full disclosure, I itemize.
Posted on 3/31/20 at 1:07 pm to tiggerthetooth
Is it selfish of me to root for Nancy with this?
Posted on 3/31/20 at 1:07 pm to SirWinston
quote:
1. help yours truly (young and suddenly struggling upper middle-class homeowner in Portland, OR)
Don't like it?
Move.
Posted on 3/31/20 at 1:08 pm to tigerfootball10
quote:
Where are the republican equivalents to these democrats who NEVER stop fighting for their side? Republicans can have super majorities and still give in to the democrats. They should be tarred and feathered
Most are bought and paid for pussies.
Posted on 3/31/20 at 1:10 pm to tiggerthetooth
frick that, this bill is optics only bullshite... Trump shouldn't sign anything with pork bullshite in it this time...
Posted on 3/31/20 at 1:14 pm to tigerfootball10
quote:
Where are the republican equivalents to these democrats who NEVER stop fighting for their side? Republicans can have super majorities and still give in to the democrats. They should be tarred and feathered
That hasn't happened in around 100 years
Posted on 3/31/20 at 1:20 pm to tiggerthetooth
Pelosi is a Democratic Authoritarian Socialist; She knows that spending out the wazoo, crashing the Private Economy (Alinsky/"engineered collapse") is a sure way to ultimately give all monetary power to the State...of the which SHE and her DAS Cohorts will oversee. I.e., command, control and live high within.
What they do not see, is that a Venezuala-type collapse in this Nation will not go along the lines of the Chavez model. Way too many guns here, and patriotic fervor. Of course, that could all go away; either take the Government check...or don't. If you don't...you are own your own re Healthcare, Monetary exchange, Job, etc.
Talk and votes won't determine our future...grand and calamitous scenarios will. Gigantic 'Infrastructure Bill' coming.
What they do not see, is that a Venezuala-type collapse in this Nation will not go along the lines of the Chavez model. Way too many guns here, and patriotic fervor. Of course, that could all go away; either take the Government check...or don't. If you don't...you are own your own re Healthcare, Monetary exchange, Job, etc.
Talk and votes won't determine our future...grand and calamitous scenarios will. Gigantic 'Infrastructure Bill' coming.
Posted on 3/31/20 at 1:21 pm to crewdepoo
quote:
New York and California will need more help than Alabama and Mississippi. Are you retarded?
NJ here
That house note is big baw
Posted on 3/31/20 at 1:38 pm to SirWinston
quote:Bought-and-paid-for.
1. help yours truly (young and suddenly struggling upper middle-class homeowner in Portland, OR)
Posted on 3/31/20 at 1:40 pm to tiggerthetooth
Blue states can give their own damn tax relief.
Posted on 3/31/20 at 2:17 pm to tiggerthetooth
SALT eliminated the need for lower tax states to subsidize blue states tax loads. SALT deductions should be capped at a fix amount.
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