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

Earnest: U.S. Won’t Reveal Timing Of Syrian Airstrikes

President Obama is prepared to launch airstrikes in Syria, but not specific on when they will happen.

Syrian Rebels To Be Trained Over 8-12 Months

Pentagon Press Secretary Kirby said training will focus on “basic” military skills, focusing on organizational leadership and equipment proficiency.

LISTEN: The Weekend Ahead – September 20-21

The Day Ahead Logo

The largest-ever climate rally is planned for Sunday in New York, Sierra Ebola emerges from nationwide home confinement, and the MH370 hunt continues.

Kerry, French Counterpart Pledge Support for Baghdad at UN

Kerry said every country, including Iran, has a role to play im fighting the Islamic State.

European Human Rights Conference To Hammer Russia Over Ukraine Crisis

57 member states will participate in the Human Dimension Implementation Meeting from Sept. 22 – Oct. 3, in Warsaw, Poland.

Pentagon: Troops Will Not Interact With Ebola Patients

“It’s important to remember the mission, the mission is to do some training, to build these units, and do some logistics, some transport, the movement of material,” Kirby said. “It is not to treat.”