Of Course She Is

Nancy Pelosi has a plan for additional stimulus, and the details, that it will only put meaningful money in the pockets of people who make significantly more than $100,000.00 a year should surprise no one:

As lawmakers prepare for another round of fiscal stimulus to address economic fallout from the coronavirus pandemic, Speaker Nancy Pelosi suggested the next package include a retroactive rollback of a tax change that hurt high earners in states like New York and California.

A full rollback of the limit on the state and local tax deduction, or SALT, would provide a quick cash infusion in the form of increased tax rebates to an estimated 13 million American households — nearly all of which earn at least $100,000 a year.


The congressional Joint Committee on Taxation estimated last year that a full repeal of the SALT limit for 2019 alone would reduce federal revenues by about $77 billion. Americans earning $1 million a year or more would collectively reap $40 billion of those benefits. Most of the rest would go to households earning $200,000 or more.

Well, we now know who her REAL constituency is.

As an aside, this change is literally the least bang for the buck possible as a stimulus, but it does appeal to overpaid pundits living in places like DC, New York, San Francisco, Chicago, and Los Angeles, and I guess that this is all that matters to her.

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