Pelosi pushes 'SALT shakeup' stimulus that could reduce her tax bill and enrich her wealthy district

Discussion in 'Current Events' started by XXJefferson#51, Apr 2, 2020.

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Should democrats cut taxes that only benefit those with expensive houses and over 200k income?

  1. Yes

    15.4%
  2. No

    84.6%
  3. Undecided

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  1. XXJefferson#51

    XXJefferson#51 Banned

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    “House Speaker Nancy Pelosi, D-Calif., is pushing for a new stimulus bill that would roll back the state and local tax deduction (SALT) cap, a proposal that would predominantly help wealthy individuals — including most residents in Pelosi's district and perhaps even Pelosi herself.

    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.”




    https://www.foxnews.com/politics/pe...les-including-her-district-with-salt-rollback





    The hypocrisy of the democrats knows no bounds on this issue. This is a measure to steal federal tax receipts from average Americans and directing them to rich people in affluent areas and districts. An average tax payer in Arkansas or Idaho should not have to send tax dollars to Massachusetts, New York, California because they have either high real estate costs and or high state and local taxes.
     
  2. XXJefferson#51

    XXJefferson#51 Banned

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    Why should tax payers in Alabama or Utah have to send $ to Connecticut or California simply to subsidize the high state and local taxes they pay for local services that the Alabama or Utah tax payer did not vote to receive in their state?
     
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  3. doombug

    doombug Well-Known Member

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    Dems are the party of the wealthy.
     
  4. XXJefferson#51

    XXJefferson#51 Banned

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    You are correct. They portray the opposite but that’s right on.
     
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  5. After-Hour Prowler

    After-Hour Prowler Banned

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    I would just like to see someone from the MSM strap on a set and ask her about it on camera.

    Unfortunately the MSM will treat this like Biden’s sexual assault allegations.

    They will ignore it.
     
  6. cd8ed

    cd8ed Well-Known Member Past Donor

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    Blue states subsidize those states existence and then receive less voting power.

    Why do you feel this is just?

    Republicans leaders really cannot argue this without coming off as outright frauds. (Which we already know they are)
     
    Last edited: Apr 2, 2020
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  7. Steve N

    Steve N Well-Known Member Past Donor

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    Don't forget that Pelosi did something similar to protect her district when she got obamacare waivers for her pals.
     
  8. Yulee

    Yulee Well-Known Member

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    100% for any and all tax cuts.
     
  9. Zorro

    Zorro Well-Known Member

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    New York is going a different way:

    NEW YORK TO RAISE TAXES ON CORONAVIRUS CAUSING IT TO FLEE STATE.

    [​IMG]
    ALBANY, NY—New York state has announced a new plan to raise taxes on the novel coronavirus. The 15% income tax on all COVID-19 viruses, coupled with an 8% luxury disease tax, is expected to generate significant revenue and stop the virus in its tracks.

    The plan is designed to cause the virus to flee the state to a lower-tax, more virus-friendly area.

    "We thought about all the different ways to solve problems that we know of, and we just returned to the tried-and-true method: taxing something until it runs away," said Governor Andrew Cuomo. "This new legislation will cause the virus to run away and go to those dumb, backward Southern states not smart enough to have a special coronavirus tax."​

    "This oughtta do it."​

    The plan seemed to work almost immediately, with coronaviruses packing up their bags, renting U-Hauls, and moving to better states like Texas. Texas has unveiled its own plan to stop the bug, however, shooting the virus with fully automatic weapons on sight.

     
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  10. Zorro

    Zorro Well-Known Member

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    New York is going a different way:

    NEW YORK TO RAISE TAXES ON CORONAVIRUS CAUSING IT TO FLEE STATE.

    [​IMG]
    ALBANY, NY—New York state has announced a new plan to raise taxes on the novel coronavirus. The 15% income tax on all COVID-19 viruses, coupled with an 8% luxury disease tax, is expected to generate significant revenue and stop the virus in its tracks.

    The plan is designed to cause the virus to flee the state to a lower-tax, more virus-friendly area.

    "We thought about all the different ways to solve problems that we know of, and we just returned to the tried-and-true method: taxing something until it runs away," said Governor Andrew Cuomo. "This new legislation will cause the virus to run away and go to those dumb, backward Southern states not smart enough to have a special coronavirus tax."​

    "This oughtta do it."​

    The plan seemed to work almost immediately, with coronaviruses packing up their bags, renting U-Hauls, and moving to better states like Texas. Texas has unveiled its own plan to stop the bug, however, shooting the virus with fully automatic weapons on sight.
    upload_2020-4-2_19-54-33.jpeg
     
  11. Yulee

    Yulee Well-Known Member

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    Satire.

    Funny
     
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  12. Zorro

    Zorro Well-Known Member

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    Yeah, they're hypocrites for sure.

    IT’S GOOD TO BE THE NOMENKLATURA: Treasury IG: 879K High-Income Earners Didn’t File Tax Returns.
     
  13. Texas Republican

    Texas Republican Well-Known Member Past Donor

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    Dems are the party of the top and bottom. Republicans are the party of the middle.
     
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  14. Lil Mike

    Lil Mike Well-Known Member

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    I think SALT is one of the primary reasons Democrats hate Trump. They want that deduction for the rich back so bad...that is number one on their agenda. I remember on this forum after the Trump tax cuts passed, that was the number one issue about the tax cuts.
     
  15. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Of course they are frauds. They are just slightly less of a fraud than the dems. Its close.
     
  16. Antiduopolist

    Antiduopolist Well-Known Member

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    Nancy Pelosi: Criminal mastermind

    She'll make you an offer you can't refuse!

    :buggered:
     
  17. HockeyDad

    HockeyDad Well-Known Member Past Donor

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    Those red states are subsidizing minority groups. If you want to cut off the welfare and the gibs, I am right there with you. I thought you were a progressive.

    Guess which demographic in the chart below is voting Red..... the one that is taking NEXT TO NOTHING. Those states will all eventually flip.... and it will be an economic disaster with more takers than producers.
    upload_2020-6-2_18-19-13.png
     
    Last edited: Jun 2, 2020
  18. The Mello Guy

    The Mello Guy Well-Known Member

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    You mean when republicans passed legislation designed to punish blue states?
    Biden should require people in states with no state taxes, pay extra federal taxes lol
     
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  19. Quadhole

    Quadhole Well-Known Member

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    SALT shoulld be rolled back everywhere. Your take on PREDOMINATELY fits well with the right wing agenda. Tax heavy Democratic states that have a basic higher income due to cost of living, and helps those in Places like Florida. Everything the republicans dso helps the uber rich. There is millions of people that make 150k a year, pay a huge state tax and cant write it off on their fed. taxes. That is how the republicans set it up. Yet, they give the huge tax cuts to the rich, bet you dont care about that with the think tank agendas.

    So ironic you have the support of one TV channel, 4 TV news hosts, and a hand full of shills on this same FOX FAUX NEWS. Hannity pretends what he says is NEWS. It is all a fantasy right wing take on every angle of news. Bongino the black dude shows up every day to bash anything democratic and call it SOCIALISM.

    Only fools, gullible under educated, and Naive people can watch that TV channel and think they are getting news. You can bet that every one of them also has a "MY PILLOW" that guy is smart, he knows where to advertise to get a sucker
     
    Last edited: Jun 2, 2020
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  20. Moonglow

    Moonglow Well-Known Member

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    Do yous itemize deductions?
     
  21. Moonglow

    Moonglow Well-Known Member

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    With ice cream?
     
  22. 61falcon

    61falcon Well-Known Member

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    You have that dead wrong there are millions of people here in high real estate tax states making less than $100,000 per year that are paying far more than $10,000 in State, Local and Real Estate taxes, and $10,000 is now the maximum they can claim on their Federal taxes. It is not just high income earners, it's millions of average Americans that this is hurting. They are carrying the Red states that get back far more than $1 for every dollar they send to the Federal treasury. It is grossly unfair.
     
  23. Lil Mike

    Lil Mike Well-Known Member

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    ^
    See what I mean? Ha!

    It's not designed to "punish" blue states, it's designed to take away a tax benefit for the rich that on it's face, doesn't even make sense. There is no advantage to the country to subsidize the property taxes of rich people.
     
  24. The Mello Guy

    The Mello Guy Well-Known Member

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    Not taking money from people, is subsidizing them??? Did you study economics at the same place AOC did???
     
  25. Lil Mike

    Lil Mike Well-Known Member

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    Look who's Sean Hannity now.


    For a deduction from taxable income, there generally has to be some sort of public purpose involved. Deductions for childcare, dependents, or business expenses are all things that that we as a nation want to support, for multiple and various reasons. And the rich already have a fair amount of deductions, and credits. This just doesn't strike me as a public purpose. But thanks for helping me make my point.
     

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