House Minority Leader Nancy Pelosi said Wednesday that Democrats will work with Republicans to rework the GOP tax overhaul after taking back the majority next year.
Speaking at a Los Angeles event hosted by the group “Not One Penny,” the California Democrat said her party would aim to work toward a bipartisan “tax bill that creates growth, creates good paying jobs, as it reduces the deficit.”
Senate Democrats were more specific last month in suggesting which parts of the Trump-signed GOP tax cuts they might seek to undo. They proposed to raise $1 trillion by raising the corporate tax rate from 21 percent to 25 percent, restoring the top individual tax rate to 39.6 percent, and undoing other tax breaks for high earners. Otherwise, though, Democrats have been silent on their alternative to the GOP tax cuts.
On Wednesday, Pelosi declined to go into specific provisions of the tax code rewrite that Democrats would want.
“It’s not about chipping at this piece or that piece,” she said. “It’s about a comprehensive look at what our tax policy should be.”
In an interview published by a Kentucky publication Wednesday, GOP Senate Majority Leader Mitch McConnell warned that Democrats would rewrite the tax law if they win majorities in Congress.
