Nancy Pelosi, Democrat Speaker of the House, released her $3 trillion ‘coronavirus’ stimulus package on Tuesday. The bill was reportedly being drafted while Congress has not been called back to DC and without bipartisan input.
Once again, Nancy is using the coronavirus as a political opportunity to pass a massive democrat wish list. The bill, reportedly, contains a “massive tax break for the super rich in predominantly blue states and directs taxpayer money to illegal aliens”, according to the Daily Wire.
Hidden inside the bill is a move to reinstate the SALT itemized deduction for 2020 and 20201, according to CNBC.
Matt Stoller reports, on Twitter:
This bill also lets wealthy people who make money from dividends and royalties claim the earned income tax credit, which is an anti-poverty provision...The bill gives a tax cut to upper income blue state real estate owners for 2020 and 2021.
In Pelosi's "Heroes Act", one the tax cuts is said to average about $100k to people who make more than $1 million per year.
How's that for the blue collar worker Democrats always claim to be working for while accusing the right of enriching already wealthy folks?
Guess what else they stuck in there, besides handouts of taxpayer money for illegals?
$3.6 billion for mail-in-voting for the November 2020 elections.
Thus far, it doesn't seem like there's much in there in the form of stimulus related to the coronavirus. It looks more like a taxpayer funded handout to wealthy Democrat mega donors and far left policies they cannot get passed on their own.
For more on this story go to the Daily Wire.