Democratic House Minority Leader Nancy Pelosi of California said recently that the Republican tax reform push will be a political “gift” to Democrats in 2018.
Pelosi also stated the GOP tax plan does not qualify as tax reform but is “a framework that gives away the store to the wealthiest while sticking the middle class with the bill.”
If that is the case, Pelosi will be having a very Merry Christmas and a Happy New Year indeed.
Roll Call’s Wealth of Congress Index reported that Pelosi’s net worth was $29.35 million and ranked well within the top 20 wealthiest members of Congress.
On one hand, the House Minority Leader has called the republican tax bill “an immorality” during a recent press conference just before the vote.
Pelosi publicly stated, “This Republican bill is not tax reform – not tax reform–as I’ve said over and over, this is the worst bill to come to the Floor of the House, with stiff competition with some of the things they’ve tried to do–the worst bill in history because of the number of people it affects, the amount of money it sucks up to the higher income and the impact on our future deficits.”
It has been publicly reported, Pelosi has a minimum net worth in excess of $20 million, with most of her assets in real estate. She and her husband, Paul, own an estate and vineyard in St. Helena, California, as well as commercial property in San Francisco.
Democrats have repeatedly stated Trumps’ tax plan is simply cutting the top tax bracket for the richest.
Again, if true, many democratic members of the house and senate will benefit greatly.
In 2015, reports suggested New York Democrat Chuck Schumer has a net worth approaching $1 million dollars as of 2015. He too will more than likely benefit from the Trump Tax Plan.
California Senator Dianne Feinstein has a net worth of over $50 million. Perhaps she will donate her share of her tax cut benefits to the thousands of Californians who have seen their jobs outsourced to other countries.
Most Americans probably don’t have a problem with Democrats or Republicans becoming wealthy, it’s all part of the American dream, right?
But the real and clear problem is obviously when individuals go into Congress with an average amount of wealth and then suddenly end up being worth millions and millions of dollars.
Democratic representative Scott Peters of California’s 52nd District, while originally from the Midwest, is now worth over $100 million.
The one thing all of the politicians mentioned here have in common is that not only have they become rich while in office, but all of their fellow Democrats voted “no” when given the opportunity to provide some type of financial relief for working-class Americans.
What’s wrong with this picture?
The political conversation in the U.S. should be focused squarely on improving the lives of people in the working class.
Politicians, on both sides, have all sorts of ideas, from the crowd-pleasing call to save jobs to the recent battle over tax cuts. Most politicians can’t even seem to articulate the definition of the working class, much less how their living conditions compare across the country.
Do you believe a working-class family can live comfortably in your city or state?
Let us know.