House Speaker Nancy Pelosi unveiled a new coronavirus-related stimulus bill that borrows a whopping $3,000,000,000,000 from future generations.
Pelosi wrote the bill without any input from House Republican members and did not even try to conceal “a massive tax break for the super-rich in predominately blue states and directs taxpayer money to illegal aliens,” the Daily Wire reports.
HEROES Act or CARES Act 2.0
✅ 1815 pages
✅ $3 trillion cost
✅ 19 days to draft
✅ 3 days to study
✅ No Republican input
A bipartisan pandemic deserves a bipartisan response.
Social distancing doesn’t mean locking all Republicans and most Democrats out of the process.
— Rep. Don Bacon (@RepDonBacon) May 12, 2020
“It is imperative that we address the needs of the American people with clarity on how we proceed,” Pelosi said via the report. “That is why today House Democrats are introducing the HEROES Act, named for our heroes, whose provisions are largely based on the four previous bipartisan bills we have passed. The HEROES Act focus on three pillars, opening our economy safely and soon, honoring our heroes, and then putting much-needed money into the pockets of the American people.”
The Daily Wire reports Pelosi’s bill would specifically aid “Democrat strongholds”:
Buried deep inside her bill is a measure that would “reinstate the so-called SALT itemized deduction for 2020 and 2021,” CNBC reported. “The Tax Cuts and Jobs Act, which went into effect in 2018, limited the amount of state and local tax deductions filers could claim on their tax returns to $10,000.”
The move would mostly benefit residents in high-tax states like California, New York, New Jersey, and Connecticut — all of which are Democrat strongholds.
The bill gives a tax cut to upper income blue state real estate owners for 2020 and 2021. pic.twitter.com/8dODlIRFZB
— Matt Stoller (@matthewstoller) May 12, 2020
CRFB: One of the tax cuts Nancy Pelosi included in her "Heroes Act" gives ~$100K on average to people who make more than $1 million a year. https://t.co/ab781vco1m
— Steven Dennis (@StevenTDennis) May 12, 2020
As the Washington Examiner reports, Democrat-turned-Republican Senator John Kennedy rebuffed Pelosi over the bill and said he was “so disappointed” in her.
“In my opinion, the speaker has moved from folly to farce,” Kennedy said during an interview with Fox News Tuesday evening. “And when I saw it, it reminded me of that old Jack Nicholson line: ‘Go sell crazy somewhere else, we’re all stocked up here.’”
Pelosi’s newest spending bill would require us to borrow $3,000,000,000,000 that our kids would have to pay back.
This isn’t a serious or mature effort to legislate. The Speaker’s farce is as dead as fried chicken once Americans see what’s in the bill. pic.twitter.com/MRs6BxnNYO
— John Kennedy (@SenJohnKennedy) May 13, 2020
The lawmaker went on to describe the bill as “not a serious or mature effort to legislate, it’s dead as fried chicken in the Senate.”
“It’s dead as fried chicken with the American people once they find out what’s in it,” he repeated. “She knows that, and everybody who has a brain above a single-cell organism knows that. It’s just political pageantry.”
“Her bill would require us to borrow $3 trillion,” Kennedy continued. “That’s 3,000 billion dollars that our kids have got to pay back. Her bill would rewrite our immigration laws. Her bill would release many federal prisoners.”
“I was hoping for a serious, mature, honest effort. But that’s not what this represents,” Kennedy added.
Republican Senator Marsha Blackburn called the bill a “liberal wishlist” and said Pelosi was wasting her time with it:
Nancy Pelosi is wasting her time crafting a liberal wishlist instead of working with us to give businesses the confidence they need to reopen.
— Sen. Marsha Blackburn (@MarshaBlackburn) May 13, 2020
The Washington Examiner reports the Democratic bill would provide an “additional $1,200 cash payments to individuals,” including illegal immigrants.