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


Nancy Pelosi Can't keep her hand out of the Cookie Jar

Raegotte Report

By Gregg Re

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.

California's 12th congressional district, which Pelosi represents, is among the wealthiest in the U.S., with a median income of $113,919, according to census data. The average household income is $168,456 -- meaning most residents would benefit from any significant cut to SALT.

Pelosi and her husband have a property tax liability of approximately $198,337.62 considering their two homes, a winery and two commercial properties, public records show, indicating that the couple could reap substantial benefits in the event of a full SALT repeal.

Pelosi's 2020 property taxes in Washington, D.C. totaled $13,997.20 given her Georgetown condo and garage, valued at $1,646,730. Her San Francisco property taxes totaled $51,480.02 -- plus $47,631.98 from her Napa winery, $64,874.66 from a San Francisco commercial property, and $20,353.76 for another building.. .... Full Article - Gregg Re - Fox News














Stimulus Package Includes $400 Million Bonanza for Left’s ‘Democracy Reform’ Movement

Nestled among the 12 titles 880 pages of the $2.2 trillion “Coronavirus Aid, Relief and Economic Security Act of 2020,

Nancv Pelosi Pigs and Sow

Approved unanimously by the Senate late March 25, is a paragraph sending $400 million to state governments “to help prepare for the 2020 election.”

...the provision is “a rare victory” gained by “an unusually intense and coordinated lobbying campaign by some of the major players in the democracy reform movement,” according to its chief media voice, The Fulcrum.

...as The Fulcrum story and the Democratic summary make clear, much more than health concerns were at work behind the scenes - Read More - Enigmose