Posted on 01/08/2009 9:26:54 AM PST by Sub-Driver
Pelosi "urging" Obama to repeal Bush tax cuts
House Speaker Nancy Pelosi tells Politico she's "urging" President-Elect Barack Obama to quickly repeal Bush administration tax cuts for the wealthy -- not wait for them to expire in 2010, as Obama has suggested he might do.
"He has the full package of what he wants to do, and we'll respect what he is saying, but put me down as one who is urging repeal," said Pelosi, ducking into her Capitol office suite to watch Obama's dour speech on the economy.
Pelosi supports Obama's push to include $300 billion in middle-class tax relief but she has long been a critic of Bush's cuts for families making over $250,000 a year.
Obama said he would get rid of the cuts during his campaign, but has softened his stance in recently weeks, saying the dire state of the economy could force him to abandon the idea of quickly repealing them, for fear of worsening the contraction.
Earlier on Thursday, the speaker told reporters the Bush cuts were "the biggest contributor to the budget deficit" and said the threshhold for a prospective House repeal would be in the "$250,000 to $300,000 [family income] range."
(Excerpt) Read more at politico.com ...
Oh boy, can’t wait for the next round of elections. Hope Americans are so fed up by that time that they’ll thown this bunch of losers out of Congress.
please do, please do. increasing spending AND taxes in this situation means we are back in power in 22 months.
You’re in for a long nap then.
Apparently, you will have a long, long nap.
I’d rather the country do well now, rather than to see the incompetent GOP back in power.
Great minds and all that stuff.... LOL.
In order for that to happen, Americans need to remove their heads from their ass. That didnt work all that well as the Presidential election proved.
We? We who? Not that bunch of clowns that shredded the country from 2001-2006?
Earlier on Thursday, the speaker told reporters the Bush cuts were "the biggest contributor to the budget deficit" and said the threshhold for a prospective House repeal would be in the "$250,000 to $300,000 [family income] range."
BS. The biggest contributor was eight years of the Congress under both parties spending like drunken sailors. Now it is time for the ship of state to pull into port to replace the old captain with Captain Morgan.
And you thought the sailors were drunk before...
I don’t think there are enough of us working Americans to out vote the ones that want his handouts. And some of those working Americans also want government health care, so we are basically screwed.
Why doesn’t the super-rich Pelosi set an example by signing over half her wealth to the government?
This confirms Pelosi is truly insane....
Well, hopefully a new set of clowns. Plus, some gridlock might be good right about now.
I can’t stand this woman . . .someone, please, vote her out of office!!!!
I don’t see a lot of new clowns coming along. The ballsiest Republicans nowadays happen to be female. One isn’t a politician (Coulter) and the other is in Alaska (Palin).
Then, when that money goes to buy crack instead of investing in companies and hiring new people, we'll know exactly what happenned!
Yep, great idea Nancy. Now stfu you over-botoxed imbecile.
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