Pelosi: It is “Accurate” to Say I Want to Roll Back Trump’s Republican Tax Cuts

Pelosi’s “dark cloud” comments differ from those of workers receiving welcome cash in their pockets.

Texas Insider Report: WASHINGTON, D.C. — At a Politico Live event earlier this morning, House Minority Leader Nancy Pelosi admitted she would like to raise taxes and roll back the Republicans massive tax cut bill that is fueling a nationwide economic expansion, leading more than 500 U.S. companies to pass on pay raises, bonuses, 401(k) retirement plan increases, corporate expansions, and utility rate reductions to their employees and customers.

When asked by Politico’s Jake Sherman about a recent National Republican Congressional Committee (NRCC) ad claiming that she would like to “cancel, raise taxes, I think they mean roll back the tax cuts that they passed. What do you think of that?”, House Democrat Leader Nancy Pelosi responded saying,

“I do think that we should revisit tax legislation in a way we always have, in a bipartisan, transparent way that the result is unifying for the country. I do object to what they did in the dark of night and speed of light.”

As Minority Leader of the House Democrats, Pelosi has drawn criticism for belittling the burgeoning number of tax cut bonuses handed out by employers to millions of employees as “crumbs,” saying earlier this year,

“In terms of the bonus that corporate America received versus the crumbs that they are giving to workers to kind of put the schmooze on — it’s so pathetic.

“I think it’s insignificant.”Watch the latest video at foxnews.com

Back in 2011, however, Pelosi sang a different tune, praising a $40 payroll tax cut passed by President Obama as “a victory for all Americans” that will “make a difference.”

“The American people spoke out clearly and, thanks to President Obama’s leadership, 160 million Americans will continue to receive their payroll tax cut – nearly $40 per paycheck in the pockets of the average family.

“I salute the work of the unified House Democratic caucus on behalf of the American people,” Pelosi said at the time.

According to Saving.org’s inflation calculator, $40 in 2011 dollars is equal to $44.06 in today’s dollars.

After Republicans passed the Tax Cuts & Jobs Act in December 2017, and it was immediately signed into law by President Trump, at least 4,000,000 U.S. workers (and counting) have received pay raises, bonuses, retirement plan increases, corporate expansions, or utility rate reductions from some 500+ companies nationwide.

While Pelosi has referred to the law as a “dark cloud” hanging over the Capitol, to the workers receiving them it’s welcome cash in their pockets. Companies such as AT&T have given $1,000 bonuses to 200,000 employees, while at least 60,000 workers at Fiat/ Chrysler received bonuses worth up to $2,000.

One Georgia trucking-company employee, who received a $500 bonus, said of Mrs. Pelosi on Facebook:

“It’s crumbs to her because she has no idea what it is like to work paycheck to paycheck.

“My company gave everyone $500, paid the taxes on it, and I was very grateful for that because they really don’t owe us any of it.”

Most of these companies point to Trump’s sweeping tax cut plan as the impetus, which included a lowering the corporate tax from 35% to 21%.

After Pelosi’s comments, the NRCC released a statement saying 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 NRCC Communications Director Matt Gorman.

“Rest assured you’ll be seeing this video repeatedly this fall,” he added.


Source: Texas Politics

Pelosi: It is “Accurate” to Say I Want to Roll Back Trump’s Republican Tax Cuts

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