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Who wants to keep the laws that benefit primarily the wealthy? Why.. Nancy Pelosi, of course!

Discussion in 'Latest Political News and Current Events' started by Barbella, Jun 12, 2018.

  1. Barbella

    Barbella Senator

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    House Minority Leader Nancy Pelosi (D., Calif.), who often rails against income inequality and calls on the wealthy to pay its "fair share" in taxes, took pains in late December to try to preserve tax breaks for two of her multi-million-dollar homes one last time before the new tax law kicked in.

    Largely thanks to her husband Paul, a real-estate and venture-capital investor, Pelosi is the wealthiest woman in Congress with a net worth of more than $100 million and the seventh wealthiest member overall, according to the Center for Responsive Politics.

    In fact, assets and cash disclosed in her 2016 financial-disclosure statement places Pelosi in the top one-tenth of the 1 percent of Americans.

    Pelosi's annual property tax bill alone on three luxury homes last year—$137,000—is more than twice the 2016 U.S. median household income of $59,039, which the U.S. Census reported last fall.

    Like most taxpayers, she also apparently wants to keep as much of her money as U.S. tax law allows, though she did not mention those plans during the contentious months-long debate on the GOP tax bill last fall or how it would impact her personally.

    At the time, Pelosi accused Republicans and President Trump of hiking taxes on the middle-class while slashing those for corporations. 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."

    Just days after President Trump signed the sweeping tax bill into law late last month, Pelosi and her husband tried to preserve $64,000 in property tax breaks, known as the state and local taxes (SALT) deductions, for her two California homes. The new tax law limits the deduction to $10,000 and went into effect Jan. 1.

    Like many taxpayers with big property tax bills across the country, the Pelosis in late December prepaid the second half of their 2017-2018 property tax bills for their $7.2 million estate in San Francisco's tony Pacific Heights and Napa vineyard and residence worth more than $4 million, according to San Francisco city-county and Napa county property records.

    The couple paid the full annual property taxes on their luxury Washington Harbor condo on the Georgetown waterfront before the tax bill became law.

    Paying the taxes earlier than the 2018 bills require is a smart accounting move that could save the Pelosis tens of thousands of dollars. However, it also illustrates a Republican talking point about the tax bill: that the new law is eliminating tax breaks that primarily benefit the wealthy.

    http://freebeacon.com/politics/pelosi-tries-extend-tax-break-two-multi-million-dollar-homes/

     
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  2. Barbella

    Barbella Senator

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    crickets? lol
     
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  3. Tor-Pete-O

    Tor-Pete-O Mayor

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    It's absolutely amazing to me that someone with over $100 million dollars in the bank is concerned about tens of thousands of dollars.

    How greedy of her to attempt to get out of paying her "fair share".

    When you're a millionaire more than a hundred times over isn't worrying about saving ten grand akin to "crumbs"?
     
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  4. ObamacareForever

    ObamacareForever Mayor

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    They could raise the top income bracket if were you so worried about making the rich pay their fair share.
     
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  5. Barbella

    Barbella Senator

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    Do you allow the point to go right over your head on purpose, or is it that you really don't understand it? I find it hard to believe that anyone could be that dense, but there ya go....
     
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  6. Barbella

    Barbella Senator

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    I couldn't agree more, and Pelosi's screeching about the new tax law being 'crumbs' and 'death', and 'Armageddon' and 'the middle class is getting screwed' is that much more ridiculous and downright disgusting.
     
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  7. ObamacareForever

    ObamacareForever Mayor

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    Why do you think rich land owners should be taxed more than non-land owning rich people?
     
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  8. Tor-Pete-O

    Tor-Pete-O Mayor

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    WTF????
     
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  9. ObamacareForever

    ObamacareForever Mayor

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    What makes Nancy Pelosi special? Why not just raise the top individual tax bracket if you are so worried about the rich not paying enough? It's much simpler and much fairer.
     
  10. SW48

    SW48 Administrator Staff Member Supporting Member

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    Who could blame her for wanting to keep more of her own money. We all want that.
     
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  11. worldlymrb

    worldlymrb Obey

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    Didn't Nazi Pelosi also vote to bailout the TBTF banks and subsidize the Stock Market (which top 1% own over one half), with nearly $5T in QE bailout money?
     
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  12. worldlymrb

    worldlymrb Obey

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    If the Almighty GOD only requires 10% in tithing. Surely a failed corrupt state that launches wars based on lies can get by with less.

    The Bible Commands Christians to Tithe
    https://www.thegospelcoalition.org/article/bible-commands-christians-to-tithe/
    Mar 28, 2017 - William Barcley argues that the Bible still requires Christians to give at least 10 percent of their income to the Lord.
     
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  13. Tor-Pete-O

    Tor-Pete-O Mayor

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    Because it makes her a flaming, unadulterated, shameless, stinking hypocrite does it not? Taking advantage of the same expiring tax loopholes she proclaimed dozens of times were anti-American? That people used to avoid "paying their fair share"......... And she's worth more than a hundred million??

    That ignorant witch is telling the rest of the country to give up our "crumbs" while combing the kitchen floor for her own! Are you that naive?
     
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  14. JuliefromOhio

    JuliefromOhio Senator Supporting Member

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    The new Republican law won't affect Trump....he doesn't pay taxes.
     
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  15. SW48

    SW48 Administrator Staff Member Supporting Member

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    correct
     
  16. SW48

    SW48 Administrator Staff Member Supporting Member

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    Smart
     
  17. ObamacareForever

    ObamacareForever Mayor

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    Then why should Nancy Pelosi be taxed at a higher rate than anyone else?
     
  18. marvin martian

    marvin martian Senator

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    No one is suggesting that.
     
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  19. Spamature

    Spamature Senator

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    You mean the public gets to see Pelosi's income taxes ? I guess that because she's not criminal. I wish more federal officeholders would release their taxes to the public, one in particular.
     
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  20. justoffal

    justoffal Governor

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    Exactly....she campaigns on the Robin Hood false moral time and again...and people keep falling for it...well lately not so much.

    JO
     
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