Leave it to the living personification of an entitled elitist to defend tax breaks for the entitled elite. Nancy Pelosi is a snob. Watching her pontificate her lies is often nauseating. Crazy Nancy is a career politician who has amassed millions in wealth by sticking it to the common people.
Part of Joe Biden’s multi-trillion tax and spend legislation is actually tax breaks. Pelosi was asked to address the convenient tax loopholes handed over to her blue state cronies. The $285 billion in tax breaks specifically benefits the mega rich in blue states.
It is the largest budget feature within the radical socialist piece of legislation. But of course, rich Nancy thinks this is all fine. Of course, she does. The liberal elites just forked over billions of paybacks to their biggest donors.
It’s one of the most hypocritical aspects of a piece of legislation in the history of the country. While the tax and spend “Build Back Better” will extort money from working-class Americans, it jacked up the State and Local Tax Deduction (SALT), eight times what it was before.
The Democrat plan is to raise the current limit from $10,000 all the way up to $80,000. This single aspect of the budget package in Biden’s socialist spending bill is more than paid family leave and medical leave.
This single blue state payback is twice as expensive as the money allotted for home-medical services for the elderly and disabled. It’s pretty obvious where the values of Nancy Pelosi and her rich elite cronies lie.
They kowtow to their wealthy donors, the peasants can fend for themselves. This part of Build Back Better, more appropriately “Build Back Broke”, is yet another reversal of successful policies enacted by President Trump.
President Trump’s administration could clearly see how blue state elites were taking advantage of the tax system. It was a system that forced taxpayers in red states to bail out poor fiscally managed blue states every year.
President Trump knew it was wrong, and he stopped it. However, as soon as the socialist Democrats saw a window of opportunity, they crammed the SALT deduction back down American’s throats. It’s a gimmick stuck inside a plan disguised as “for the American people”.
The huge tax loophole is nothing more than a payback for services rendered. It’s the elites rewarding their socialist mega rich elites. This is exactly what communism looks like economically. The “haves” continue to feed the “haves”; the “have-nots” be damned.
Pelosi stood at the podium and flat out lied to the American people. In a video on TikTok, Pelosi tried to defend the tax cut for the mega rich in blue states. Thankfully, conservative experts are not letting her get away with this charade.
This is nothing but typical Nancy Pelosi. Americans can only hope sensible moderate Democrats in the U.S. Senate kill this horrible piece of legislation. Senators, such as West Virginia’s Joe Manchin, will not be able to sell this garbage to his overwhelming conservative constituents.
Other Senators, especially those serving the people in swing states, would do well to be honest about what this tax cut is. It is a payback to elite liberals from elite liberals. This single part of the legislation will be the burden of everyday Americans.
Nancy’s weightless words defending the cuts are just another example of her poetically pontificated lies. Crazy Nancy is a master at deceiving the American people. Let’s hope her time wielding the gavel over the United States House of Representatives is coming to a final curtain call. Goodbye, Nancy, and good riddance.