Pelosi tells Santa Feans Trump plan is ‘scam’ - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Washington Wire RSS Get our newsletter
Order Prints
April 9, 2018 Washington Wire
Share
Share
Tweet
Email

Pelosi tells Santa Feans Trump plan is ‘scam’

Albuquerque Journal (NM)

SANTA FE — House Minority Leader Nancy Pelosi told a group of mostly educators in Santa Fe on Friday that President Donald Trump’s tax plan approved by a Republican Congress is nothing but a scam.

Pelosi, D-Calif., was joined by New Mexico Democratic U.S. Rep. Ben Ray Luján, National Education Association New Mexico Executive Director Charles Bowyer, and Sandoval County Treasurer Laura Montoya for a discussion at the NEA’s Santa Fe office as part of the nationwide “Repeal the Trump Tax” tour. The series’ events are to culminate April 15, the traditional deadline for filing income tax returns.

The purpose, in Pelosi’s words, is to warn the public that the GOP tax plan “is a scam, a major scam and it’s being presented as something that is supposed to be good for working families in our country. It is just the opposite.”

Pelosi said the American people were promised that the plan would generate growth in the economy, provide good paying jobs and reduce the country’s deficit. “None of that was accomplished,” Pelosi said, adding that the changes were made in the dead of night with no transparency.

Instead, “They’re saying we’ll give tax cuts to corporate America with incentives to take jobs overseas, and they’ll pay for it off the backs of poor children and seniors,” she said.

Pelosi was referring to budget cuts to Medicaid, Medicare, Social Security and other programs that affect the youngest and oldest Americans. “On one hand they are trying to sell a bill of goods; on the other hand they’re saying they have to cut Medicare, Medicaid, and $200 billion out of education,” she said.

The Republican Party issued a news release saying Pelosi’s “tax hike tour” serves “to remind voters that Democrats are committed to rolling back the sweeping tax cut recently passed into law and ending pay raises and bonuses for workers” that have resulted from lower taxes on businesses.

The state GOP said Pelosi has promised “that Democrats will raise taxes if given the chance.”

Luján said “the Republican assault on the Affordable Care Act” by removing the individual insurance mandate as part of the tax bill will result in higher premiums for those who do have health care. He said some analysts predict that premiums will increase 50 percent by 2021 and add another $1.8 to $2.3 trillion to the deficit.

Pelosi, asked what the American people can do, said they need to get involved.

“Just know your power,” she said, adding that women are now gaining power by marching and speaking up and young people are having their voices heard about gun safety. “It’s the power of presence, of showing up, of being there.”

Older

Investor Alert: Last Chance to Open An IRA for 2017 Tax Benefits

Newer

What Money Message Are You Sending Your Grandchildren?

Advisor News

  • Global economic growth will moderate as the labor force shrinks
  • Estate planning during the great wealth transfer
  • Main Street families need trusted financial guidance to navigate the new Trump Accounts
  • Are the holidays a good time to have a long-term care conversation?
  • Gen X unsure whether they can catch up with retirement saving
More Advisor News

Annuity News

  • Pension buy-in sales up, PRT sales down in mixed Q3, LIMRA reports
  • Life insurance and annuities: Reassuring ‘tired’ clients in 2026
  • Insurance Compact warns NAIC some annuity designs ‘quite complicated’
  • MONTGOMERY COUNTY MAN SENTENCED TO FEDERAL PRISON FOR DEFRAUDING ELDERLY VICTIMS OF HUNDREDS OF THOUSANDS OF DOLLARS
  • New York Life continues to close in on Athene; annuity sales up 50%
More Annuity News

Health/Employee Benefits News

  • CONGRESS FAILS WORKING FAMILIES AS HEALTH TAX CREDITS ARE SET TO EXPIRE
  • KFF HEALTH NEWS: TRUMP'S IDEA FOR HEALTH ACCOUNTS HAS BEEN TRIED. MILLIONS OF PATIENTS HAVE ENDED UP IN DEBT.
  • HARMFUL REPUBLICAN MEGABILL TAKES AWAY HEALTH COVERAGE, FOOD ASSISTANCE, TAX CREDITS FROM MILLIONS OF IMMIGRANTS AND THEIR FAMILIES
  • CONGRESSMAN DON DAVIS CO-LEADS BIPARTISAN ACTION TO PREVENT ACA PREMIUM SPIKES AND PROTECT AFFORDABLE HEALTHCARE
  • PAPPAS, GOODLANDER INTRODUCE BIPARTISAN "COMMONGROUND" LEGISLATION TO ADDRESS SKYROCKETING ACA PREMIUMS
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • PROMOTING INNOVATION WHILE GUARDING AGAINST FINANCIAL STABILITY RISKS ˆ SPEECH BY RANDY KROSZNER
  • Life insurance and annuities: Reassuring ‘tired’ clients in 2026
  • Reliance Standard Life Insurance Company Trademark Application for “RELIANCEMATRIX” Filed: Reliance Standard Life Insurance Company
  • Jackson Awards $730,000 in Grants to Nonprofits Across Lansing, Nashville and Chicago
  • AM Best Affirms Credit Ratings of Lonpac Insurance Bhd
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • SandStone Insurance Partners Welcomes Industry Veteran, Rhonda Waskie, as Senior Account Executive
  • Springline Advisory Announces Partnership With Software And Consulting Firm Actuarial Resources Corporation
  • Insuraviews Closes New Funding Round Led by Idea Fund to Scale Market Intelligence Platform
  • ePIC University: Empowering Advisors to Integrate Estate Planning Into Their Practice With Confidence
  • Altara Wealth Launches as $1B+ Independent Advisory Enterprise
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2025 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet