Patriots: For over 26 years, your generosity has made it possible to offer The Patriot Post without a subscription fee to military personnel, students, and those with limited means. Please support the 2024 Year-End Campaign today.

April 1, 2020

Pelosi’s Tax Cuts for the Rich

As part of the next relief bill, the House speaker wants a favor for wealthy blue staters.

House Speaker Nancy Pelosi is, if nothing else, totally shameless. As the coronavirus threat was just beginning, she was busy impeaching President Donald Trump. When he enacted travel bans to prevent the spread, she ripped it as “outrageous” and “un-American.” When Republicans and Democrats in the Senate came together to draft a massive relief package for the U.S. economy, Pelosi tried to load it up with totally unrelated left-wing wish-list items and delayed a House vote for nearly a week. Now, she’s ready for relief Round 4, and one of her big ideas is … drumroll please … tax cuts for wealthy blue staters. Shameless.

When Republicans passed the 2017 tax cuts without a single Democrat vote, one of the things leftists carped about loudest was “tax cuts for the rich.” (Never mind that most cuts went to the middle class.) But, ironically, Democrats also objected to the $10,000 cap to the federal deduction for state and local taxes (SALT). This most heavily impacted high-income residents of high-tax blue states because they couldn’t deduct all those taxes on their federal returns. Republicans had grown tired of low-tax red states effectively subsidizing high-tax blue ones, like Pelosi’s California. Ever since, Democrats have been trying to repeal that cap, have courts strike it down, or implement accounting gimmicks at the state level to undermine it.

Now, Pelosi wants to not only end that cap but make repeal retroactive. “We could reverse that for 2018 and 2019 so that people could refile their taxes,” Pelosi argued. “They’d have more disposable income, which is the lifeblood of our economy, a consumer economy that we are.” Listen to her try to sound like a free marketeer.

In truth, what she’s calling for is a favor to the Democrat donor class at the expense of the vast majority of working Americans. “It’s almost the exact opposite of what Congress was trying to do with the phase three rebates,” says Joshua McCabe, a welfare policy expert and professor at Endicott College. “Rather than provide relief to the bottom 85 percent of Americans, this proposal would shower almost all the benefits on the top 15 percent of taxpayers — those who need it least.”

On a final note, one thing Pelosi and Trump will likely agree on in the next relief bill is massive spending on infrastructure. Both have pitched roughly $2 trillion in such spending. There’s no doubt the nation needs a big infusion of true infrastructure spending (as opposed to Barack Obama’s bogus “shovel-ready jobs”), but we also don’t exactly trust Pelosi to allocate that money for the best and most-needed projects. Now where would we get the idea that she’s not to be trusted?

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.