Myth Blaster: Nancy Pelosi Wants Windfall Tax


HM, Illinois received an email entitled Pelosi Wants a Windfall Tax on Retirement Income 

You aren’t going to believe this.
Madam speaker Nancy Pelosi wants to put a Windfall Tax on all stock market profits (including Retirement fund, 401Ks and Mutual Funds! Alas, it’s true – all to help the 12 million illegal immigrants and other unemployed minorities! … When asked how these new tax dollars would be spent, she replied:
“We need to raise the standard of living of our poor, unemployed and minorities. For example, we have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities. Stock market windfall profits taxes could go a long ways to guarantee these people the standard of living they would like to have as ‘Americans’.” … if you are RETIRED, or expect to be, it will affect you.

MYTH BLASTER VERDICT

FalseHoax. Another version is published at Snopes. [Original email date is January 200] –

Representative Nancy Pelosi of California, the House Democratic Leader who became Speaker of the House after the 2006 elections, has gone on record as supporting the repeal of tax breaks and subsidies of up to $33 billion from energy and oil companies … However, the item produced above, quoting Rep. Pelosi is disdaining recent stock market gains and endorsing a 100% windfall profits gained from stocks … does not correspond to anything she actually said or proposed. …

However, Nancy Pelosi is a Marxist advocate for stealing from the wealthy and giving to the poor [called income redistribution, in the case of the government forcefully] – and she is also an advocate (remember she is from Mexifornia) to give amnesty to 12 million lawbreakers. Pelosi and the Democrats have been attempting to roll back the Bush tax cuts – and you can be sure this will happen if a Democrat is elected as President in 2008.
Here are some facts about Pelosi:
President Bush:

When we lowered the taxes for families with children, she voted against it. And when we put the death tax on the road to extinction, she voted against it. …

And yet, Nancy Pelosi said of the Republicans and Bush:

They’ll take food out of the mouths of children in order to give tax cuts to the wealthiest.

By the way: Nancy Pelosi is one of those wealthiest people. And, yet, there are blogs out there who are repeating these words as if they were truth. I don’t know which came first – the email hoax or the blog misinformation. An example would be at the My Opine blog. Notice that the blog doesn’t have one link to follow up his claim of what exactly Pelosi said.
As far as Pelosi’s voting record:

Voted NO on retaining reduced taxes on capital gains & dividends.
Voted NO on providing tax relief and simplification as prescribed by the Working Families Tax Relief Act of 2004.
Voted NO on making permanent an increase in the child tax credit.
Voted NO on making the Bush tax relief permanent that are to expire in 2010.
Voted NO on $99 economic stimulus: capital gains & income tax cuts in 2002.
Voted NO on eliminating the Estate Tax (“death tax”) – so, Bush was right to make that comment above.
Voted NO on $46 billion in tax cuts for small business – 2000.

Nancy Pelosi says and does real things that is detrimental to America and its people – no one need to make up stories such as the one above because the truth is damning as it is and hoaxes just counter against hard work of reforming our government and reeducating the voters. It’s not good for the Jeffersonian republic’s cause.

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