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!