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Keyword: demstaxes

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  • House Democrats Change Rules to Make It Easier to Raise Taxes

    12/12/2018 12:53:33 PM PST · by Rusty0604 · 47 replies
    Washington Free Beacon ^ | 12/12/2018 | Haris Alic
    The incoming chairman of the House Rules Committee, Rep. Jim McGovern (D., Mass.), confirmed to colleagues on Wednesday that he would not honor the three-fifths supermajority requirement to raise income taxes, as reported by the Washington Post. The change comes after a standoff between Pelosi and her moderate allies in the Democratic conference, such as incoming Ways and Means Committee chairman Richard Neal (Mass.), and younger, more progressive members like Rep.-elect Alexandria Ocasio-Cortez (N.Y.). In November Pelosi and Neal initially proposed keeping the three-fifths supermajority rule for income tax increases "on the lowest-earning 80 percent of taxpayers." That notion, however,...
  • Pelosi Endorses ‘Global’ Tax on Stocks, Bonds, and other Financial Transactions

    12/07/2009 9:47:12 AM PST · by BradtotheBone · 71 replies · 3,133+ views
    CNSNews.Com ^ | December 07, 2009 | Matt Cover
    (CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a “global” tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending. At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach. The House speaker said that a transaction tax could be imposed in conjunction with congressional efforts to divert funds from the...