Pelosi Warns GOP Plan Will Raise Middle Class Tax Plans By Thousands

House Minority Leader Nancy Pelosi told reporters Thursday that the plan to reform the tax system presented by the GOP will help millionaires but will cost middle class families thousands of dollars.

The plan includes a $331,000 tax break for those making over $1 million while middles class households are expected to pay an additional $4,500 in taxes, Pelosi said during her weekly press conference on Capitol Hill.

“There’s so much more that’s wrong with what’s on the floor right now … it’s stunning. It almost has an immorality to it,” Pelosi said.

The plan, which would pave the way for legislative action on tax reform in 2013, would require the House Ways and Means Committee to take action by early next year to simplify the tax code in an effort to cut corporate and individual taxes.

The Republican majority passed the legislation by a 232-189 vote Thursday.

Justin Duckham is a Senior Washington Correspondent with the Talk Radio News Service. Justin is a proud alumnus of UC Merced, where he studied History, Philosophy and American Studies. Prior to making the jump to politics in 2008, Justin was a music journalist in California. Follow Justin on Twitter @Jduckham

No comments yet.

Leave a Reply

You must be logged in to post a comment.

Report: U.S. Troops To Use Chemical Warfare Suits In Iraq

The deployment follows reports that the Islamic State is in possession of chemical weapons and used them on multiple occasions

Friday, September 4

● Five circuit judges file dissent in birth control case

● Boys in the locker room: Less smoke, more chew

● Women in the combat zone

● Subsidies never die

● Inventive delay tactic frustrates FOIA lawsuit

● You don’t have to call me a “millennial”

Iran’s Supreme Leader Pushes Parliamentary Vote On Nuclear Deal

“Parliament should not be sidelined on the nuclear deal issue,” Ayatollah Ali Khamenei said in live remarks on state television, Reuters reports.

Stephen King And Sally Field To Be Honored At White House

The two are recipients of the 2014 National Medal of Arts.

The Word in 2:00 – September 3, 2015

The World in 2:00

China touts its peaceful aims while debuting state-of-the-art weapons at a WW2 parade and a new UN report warns Gaza could be uninhabitable by 2020.

Clinton Should Acknowledge Email Mistake

Former Sec. of State Hillary Clinton addresses press over email controversy March 10, 2015. Photo/Luke Vargas TRNS

It’s time for Clinton to get ahead of the scandal.