Selfish Pelosi Votes Down Tax Bill To Save Herself Money On Taxes.
It’s funny how hypocritical Democrats are always claiming that they are for the working class or doing things in the best interest of their constituents. But when it comes down to saving the working class money or paying more out of their pocket guess who gets the short end of the stick.
Nancy Pelosi is not the working class and I doubt she can relate. She is a multi-millionaire with a net worth of over 100 million dollars. She owns three estates that are supposed to run her $137,000 a year in property tax. That’s a heck of a lot more than the average American gets paid. When the Trump tax bill came around, she voted down the bill claiming that it was bad for the working class. But in reality, she was most likely thinking of the money she saves with the current plan.
Under the new tax plan, the rich will only be able to deduct $10,000 from the State and Local Tax (SALT) deduction. In order to get ahead of this new limitation on the SALT deduction, Pelosi and other wealthy people have gone ahead and prepaid their 2018 taxes.
Watch The Video Below That Explains The SALT Deduction Liberal State Are So Fond Of.
As you can see the SALT deduction getting a cap is a good thing. It will force super Liberal states like California to be more fiscally responsible. It will also make people like Nancy Pelosi pay their (as Pelosi put it herself) “fair share” of taxes.
So it only makes sense that Pelosi would be against this bill and try to demonize it.
“She denounced the bill using apocalyptic terms, decrying it as “Armageddon” and “like death.
At one point, she said the tax plan was a “monumental, brazen theft from the middle class,” and pledged that Democrats will continue to demand “job-creating, wage-raising tax reform with not one penny in tax breaks for the wealthiest one percent.”
Sounds more to me like Nancy is just trying to save herself some money and knows that her state, California, like other blue states can’t afford to receive less money.