Nancy Pelosi said that her first priority if the Democrats take the House is to repeal the Republican tax cuts…
Democratic Minority Leader Nancy Pelosi told a town hall meeting Wednesday that her first priority should Democrats win back the house in November is to repeal and “replace” the GOP tax bill that passed last December.
Speaking to her constituents in Culver City, California, Pelosi pledged to discard the popular bill, which prompted 24 major American corporations to boost the minimum wage, share profits, give thousands of employees a bonus, and in some cases move their production operations back to the United States from overseas.
Pelosi said that “One of our complaints about what they did with the tax bill is they did it in the dark of night with the speed of light,” Pelosi said.
As opposed to telling the American people that “We have to pass it (Obamacare) to see what’s in it,” which turned out to be a disaster for the country, as opposed to the GOP tax bill which immediately benefited thousands, and shows promise of benefiting millions of Americans for years to come.
Pelosi spoke as if she would be calling all the shots saying she would “work with Republicans” on a fairer tax measure.
“We’ll sit down at the table and say … what would be a tax bill that creates growth, that creates good paying jobs as it reduces the deficit?”
The answer to that is the current GOP tax bill that she referred to as “crumbs” when thousands of Americans got bonuses and saw more money in their tax returns.
“It’s not about chipping at this piece or that piece, it’s about a comprehensive look at what our tax policy should be for the future.”
Pelosi and the Democrats had eight years with Obama to propose a tax bill but they chose to do nothing.
If previous proposals are any indication, Pelosi plans on instituting a major tax hike, particularly focused on punishing those same generous corporations. In a plan published last month, Congressional Democrats proposed a $1 trillion dollar tax hike, pushing the corporate tax rate from its current 21% to 25%, undoing tax breaks for high earners, and re-instituting a top tax bracket that could tax some Americans at a rate of nearly 40%.
It’s likely a mistake: as Congressional approval sinks lower, President Trump’s approval rating recently cracked 50% for the first time, largely on the back of an increased sense of economic security among American taxpayers, The Daily Wire reported.
The bottom line is that Republicans better get out there and stoke their bases to vote for them in the primaries or they will lose the House and the Senate and then everything President Trump has fought so hard to accomplish for the American people is lost. He will spend the rest of his term fighting off bogus impeachment charges from the Dems, which is probably what the RINO’s want.
The Deep State, which consists of members from both parties, would rather take the American people and the country down than see President Trump succeed.