Elitist Liberal Feinstein Attacks GOP Tax Plan — Accidentally Admits One Huge Thing
Barnacle of the Senate, Dianne Feinstein not only exposed this bias, but she also revealed how out of touch she and others like her are AND how ignorant she is on financial matters.
The Independent Journal Review (IJR) notes that on December 17, Feinstein tweeted, “The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. #GOPTaxScam.”
First off, as IJR noted, Feinstein either consciously or ignorantly conflated “the mortgage value with the home value” of a house.
(Or is Feinstein trying to say she and other rich liberals are actually poor?)
In addition, as the Daily Caller reports, California is home to the super rich and has the highest home values in a nation where the average home value is under $200,000. So any comparison of the Left coast to those in the rest of America is bogus.
What we have here is a Democrat clearly expressing frustration that the rich would not be getting the tax breaks she and her party have denounced for YEARS!!
Another liberal, Kurt Eichenwald, took time out from writing articles begging conservatives to die, to announce:
“Just checked my taxes on http://taxplancalculator.com/calc , @SenBobCorker. My taxes go UP $1,957. I don’t care about the money. I just care that you are willing to sacrifice all your principles so I can pay to wreck my children’s lives and force them to pay OUR bills.”
I thought paying your taxes was a patriotic duty Eichenwald? Is that not what your boy Biden told us years ago?
Those on social media blasted Feinstein (and Eichenwald) for the expressed stupidity.
A sweeping overhaul of the tax code unveiled by House Republicans on Thursday would cap the deduction for property taxes at $10,000 and preserve the mortgage interest deduction only for existing mortgages and new purchases with loans of $500,000 or less.
ReplyDeleteThose changes will amount to a tax increase on high-income taxpayers with pricey homes, even if they get lower income tax rates.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, said the change was being made to drive tax relief to middle income families, but it also will go to offset lower corporate rates that sponsors believe will spur the economy and job creation.