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
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

DOD Civilians Given Guidelines On Ebola

Civilians personnel can either self-monitor or volunteer to go into a 21-day quarantine.

Pew: Latinos Likely to Vote Democrat, Despite No Immigration Reform

Hispanics still trust the Democratic Party more than the GOP to handle other issues besides immigration reform, according to a Pew study.

LISTEN: The World in 2:00 – October 31, 2014

The World in 2:00 continents logo

Leadership change in Burkina Faso, Hungary’s prime minister scraps a proposed internet tax and a Russian film star “visits” the front lines of eastern Ukraine.

Interview: A New Frontier In Preventing Prescription Drug Deaths

TRNS interviews Daniel L. Cohen, Forum Chair of the US Abuse Deterrent Coalition

Obama Says ACA Will Stay, Even If GOP Takes Senate

“No matter how many times Republicans threaten to repeal this law, we’re going to keep it in place, because it’s working,” President Barack Obama said of Obamacare.

Iran Nuclear Deadline Approaches, IAEA Head Still Hopeful

“For now, the progress is limited, but I sense there is an intention on the part of Iran to accelerate the clarification of issues important to the negotiations,” IAEA Director Yukiya Amano said.