By Onan Coca
House Minority Leader, Nancy Pelosi (D-CA) has just revealed her party’s plans for the nation – if they’re elected back into power in 2018.
The plan is an interesting one, especially for a party that says they want to win an election.
If the American people hand the reins of power back to the Democrats, Pelosi is promising to… undo the GOP Tax Cuts and raise taxes on 90% of Americans… again.
As soon as Democrats retake the House in November, Democratic Minority Leader Nancy Pelosi told a town hall meeting Wednesday that the first priority is repealing and “replacing” the GOP tax cut package that passed last December.
Speaking to her constituents in Culver City, California, alongside Hollywood Congressman Ted Lieu, Pelosi pledged to discard the popular bill, which has prompted several major American companies to boost wages, share profits, and in some cases move their production operations back from overseas, because Republicans were so secretive in enacting the bill.
Pelosi pretends that her “problem” with the GOP tax bill is that it was done in “secret” and that the Democrats didn’t have enough time to really get to understand the bill (this is rich, coming from the same person who led Obamacare through secretly, and forced dozens of bills through Congress while only allowing a few hours for GOP representatives to read what was being voted on). The reality is that the Democrat Party never wants to cut taxes for anyone, and they most certainly don’t want Americans realizing that the economy does better when taxes get cut.
In fact, most of the Democrat tax reform plans called for MORE taxation, not less.
While the GOP plans to run on the success of the recently-passed tax cuts and the obvious boon the cuts have already been to the national mood and economy, the Democrats are going… a different way.
The Democrats just released their $1 TRILLION TAX HIKE plan that they hope America will support in November.
Minority Leader Chuck Schumer said his party’s proposal would be funded by lifting the corporate tax rate from 21 percent to 25 percent and by raising the upper tax bracket back to 39.6 percent, reinstating the AMT and getting rid of the carried-interest tax loophole.
“We want to roll back the Republicans’ tax giveaways to corporations and the wealthy and invest that money instead in jobs and infrastructure,” Schumer, D-N.Y., said.
The tax cuts, passed last year by the GOP-led Congress, were implemented in February. It lowered the top tax rate for individual filers from 39.6 percent to 37 percent. The corporate tax rate was slashed from 35 percent to 21 percent.
If the Democrat plan for winning back the House really is raising taxes, they’ll likely have a difficult time reclaiming the majority.
Republished with permission Eagle Rising
Viewpoints expressed herein are of the article’s author(s), or of the person(s) or organization(s) quoted or linked therein, and do not necessarily represent those of The Olive Branch Report
Subscribe to my daily newsletter, and join hundreds of daily readers and receive news and relevant commentary
Don't forget to follow The Olive Branch Report on Facebook and Twitter. Now available on your Amazon Kindle Device. Please help spread the word about us, share our articles on your favorite social networks.
If you value what you see on The Olive, please consider donating, any amount helps. We derive NO revenue from this site, and upkeep is expensive.
Onan is the Editor-in-Chief at Liberty Alliance media group. He’s also the managing editor at Eaglerising.com, Constitution.com and the managing partner at iPatriot.com. You can read more of his writing at Eagle Rising.
Onan is a graduate of Liberty University (2003) and earned his M.Ed. at Western Governors University in 2012. Onan lives in Atlanta with his wife and their three wonderful children.