Democratic Minority Leader Nancy Pelosi told a town hall meeting in April 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 moved their production operations back to the United States from overseas.
Pelosi doubled down Tuesday saying that it is “accurate” to say that she wants to roll back the Republican tax law.
When asked by Politico about an ad released by the National Republican Congressional Committee, which claimed that Pelosi wants to institute a single payer healthcare system and raise taxes, the House Democratic leader said the second part of the statement is correct, the Washington Examiner reports.
“The second part there is accurate,” Pelosi said. “I do think we should revisit the tax legislation in a way that we always have, in a bipartisan, transparent way that the result is unifying for the country.”
In a statement released soon after the comments, the NRCC said it appreciates Pelosi’s “honesty” and said it plans to include the line in ads throughout the next six months.
“We told you over and over and now you’ve heard it straight from Nancy Pelosi’s mouth: If Democrats take back the House and she’s reinstalled as Speaker, your taxes will go up,” said Matt Gorman, communications director at the NRCC.
“The NRCC appreciates her honesty. Rest assured you’ll be seeing this video repeatedly this fall,” he added.
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.