Pelosi May Cave On Tax Cuts For So-Called Wealthy

September 16th, 2010 (14) Posted By Pat Dollard.

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Politico:

House Speaker Nancy Pelosi Thursday renewed her pledge to pass an extension of the Bush tax cuts for the middle class, but now she’s leaving the door open to extending the tax cuts for upper-income Americans.

The California Democrat, speaking in the same room House Minority Leader John Boehner (R-Ohio) appeared in earlier in the day, said that the “only thing I can tell you is the tax cuts for the middle class will be extended this Congress,” leaving open the possibility that cuts for people making more than $250,000 could be extended at some point, too.

“What I believe the American people deserve is a tax cut for the middle class,” Pelosi said. “And without getting into procedure and timing and process, what we’re going to do is to say at the end of the day the extension of the Obama middle-income tax cuts will take place, and that’s what I have to say on the subject.”

Her comments also deepen the confusion about when the cuts might be done — either in the next two weeks or after the November election. The thorny issue of tax cuts has thrown a wrench in an already contentious reelection season for Democrats, exposing a divide within her caucus about raising taxes — even on wealthier Americans — during a soft economy. Republicans have continued to push for an up-or-down vote on tax cuts — they wholeheartedly favor renewing all cuts.

But 31 members the Democratic caucus — many of them facing stiff headwinds in getting reelected to Congress — are too pushing to extend all the tax cuts. Pelosi thinks their logic is flawed.

“The tax cuts at the high end have not produced any jobs; it only increased the deficit,” she said. “We’re still paying the price that they have contributed to the deficit all along. I respect that they have a different view, many of these members are members who are budget hawks, so I think we’ll be able to find some common ground on the subject.”

Pelosi, though, made her view clear: Rich people don’t deserve tax cuts. She said she sees “no justification for going into debt to foreign countries to underwrite and subsidize tax cuts for the wealthiest people of America.”

No matter who gets tax cuts of when, the House will be up for reelection in less than two months, and Pelosi seems to be remaining confident about her party’s chances. She dismissed a question about her place in leadership after the election. When asked about the negative campaign ads being aired across the country that target her, she urged Republicans to keep them coming.

“Spend that money, spend that money, pour it in, spend it all,” she said, before saying that Democrats will be “victorious” on Election Day.

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  • mike3481

    All the trust-fund babies in her district must have given her a heads-up, vis-a-vis, her survival.

    “Survival”…read that anyway you want.

    Just saying.

    • reagan54

      lol

    • Steve Rogers

      Either that, or she remembered that she herself has more money than everyone in the tea party combined. Liberals love taxes, as long as someone else has to pay ‘em.

  • Onti311

    Tax cuts will do nothing when they lose their jobs. MSM has already framed the argument as the extension of the Bush tax cuts. Everyone knows O is not proposing cutting taxes now except maybe adding some tax credits for those that pay no taxes.

  • odin2012

    This bitch makes the elephant man look good. Everytime I see her skeletor face… I vomit in my mouth a little.. :roll:

  • Tom in CO

    If she caves it will be one of the coolest things to happen in politics. Pelosi sides with Bush, whodathunkit?

  • DC

    The only reason this communist whore would vote for the extension is to appeal to the center-right base.
    She knows her party is in deep kimchi and her chances of holding onto her job are gushing away by the day.

    Too late, bitch….America already knows what you are!

    • David

      She has no center right base.

  • copperpeony

    I agree with mike3481…”All the trust-fund babies in her district must have given her a heads-up, vis-a-vis, her survival.”

    She doesn’t have to worry about her taxes because her wealth is probably offshore and in a trust fund.

  • no-mas-cacaguates

    Darth Botox do your will. I would lose everything I have worked for to see this country stop saying “if we’d only ever gone further left.” Let the 2001/2003 taxes expire and let the real pain set in.

    • mike3481

      “Darth Botox”

      :lol: :lol:

      :gun: :beer:

  • JIM D

    I think she should stand her ground and let all tax cuts expire! push cap&tax Can’t you guys see this is killing her,fuck she looks like shes gasping for her last breath in the pic. Almost time for the party :lol:

  • http://www.myspace.com/ssgduke ssgduke57

    You have to wonder how she gets re-elected time after time after time! Well this is not hard! She lives in area that thinks like she does and she easily tap into it to get re-elected! Now if she was in a different State that does not have the far left loonie to think like and vote for she would have been gone a very long time ago! What do you expect when my State turn into a One Party Socialist System. Welcome to the People’s Socialist Republic of California Comrade! Your Papers and Documents please you Capitalist Scum?!!