Nancy Pelosi Video: No Fiscal Cliff Deal Without Tax Hikes For Rich

Nancy Pelosi Video: No Fiscal Cliff Deal Without Tax Hikes For Rich

From HuffPo:

House Democratic leader Nancy Pelosi says she’s hopeful lawmakers can come to a deal to avoid a year-end “fiscal cliff” but any agreement has to include tax rate increases for the wealthy.

She tells ABC’s “This Week” that she can’t accept a deal that caps deductions and closes some loopholes but does not alter current tax rates for the wealthy.

Just to be clear: the most effective plan floating around out there is to cap deductions at $50,000 Doing so would raise about $750 Billion in revenue… about 100 Billion shy of what Democrats want. Nancy says NO! to this plan!!!

I say the Republican House and Senate should give the Dems exactly what they want, let them propose whatever deal they want, and all Republicans vote “Present.” The only way to force the Democrats and the media to own this mess they’ve made is to hang it around their heads… otherwise no matter what the Republicans do to compromise the narrative will be that they were obstructionists. The American People voted for this nonsense – let them have it!

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@stevenfoley

A former U.S.Marine, he is the Creator of The Minority Report Network. He is also the Founder and Managing Editor of the Network’s flagship site, www.theminorityreportblog.com, Former Director of New Media for Liberty.com, Former Director of New Media for Liberty First PAC, and the Former Chief Managing Editor of 73Wire.com. Steve is a well respected national conservative blogger who’s dedicated the past several years of his life advancing conservatism online. Recently Steve was instrumental in the development of Liberty.com, Liberty First PAC, The Patriot Caucus, the national campaign trail and grassroots news site73wire.com.

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