Speaker Pelosi Slams Trump For Signing Payroll Tax Cut, But Supported It When Obama Was President
House Speaker Nancy Pelosi was apparently none too happy with President Trump after he signed an executive order to push through a payroll tax to help alleviate some of the suffering folks are going through as a result of the coronavirus pandemic and the lockdown measures that were taken to try and slow down the spread.
In fact, Pelosi was so unhappy that she made a joint statement with Senate Minority Leader Chuck Schumer claiming the president’s action “endangers seniors’ Social Security and Medicare.” The reason for the alarm is the payroll tax that Trump signed will deferr payroll taxes known as “FICA” which fund Social Security and Medicare.
One of the problems of her criticism is that she supported Obama when he wanted to take similar action.
Check out the details via TheBlaze:
When Barack Obama, a Democrat, was in the White House, Pelosi supported a unilateral payroll tax reduction — not once, not twice, but three times.
In 2010, Obama announced a payroll tax cut — from 6.2% to 4.2% — that he said would “create jobs and boost economic growth.” When Congress extended the tax cut one year later, Pelosi celebrated the measure as a “victory for all Americans.”
Pelosi said at the time:
Today is a victory for all Americans — for the security of our middle class, for the health of our seniors, and for economic growth and job creation.The American people spoke out clearly and, thanks to President Obama’s leadership, 160 million Americans will continue to receive their payroll tax cut – nearly $40 per paycheck in the pockets of the average family. I salute the work of the unified House Democratic caucus on behalf of the American people.
When Congress agreed to extend the cut again in 2012, Pelosi was totally on board, stating that it was “necessary because our economy and our people need this boost.”
And we don’t need a boost right now? Kind of seems like this is a much worse situation than we faced back then.
Hypocritically, back then Pelosi stated that the “Social Security and Medicare trust fund can handle that,” meaning she wasn’t worried at all about how the tax would effect the elderly on Social Security and Medicare.
So the only reason she is opposed to it now is because Trump is the one suggesting it. Rather petty, don’t you think?