Pelosi Statement on President Obama’s Tax Proposal

Press Releases Contact: Brendan Daly/Nadeam Elshami Drew Hammill/202-226-7616 For Immediate Release 12/07/2010 Pelosi Statement on President Obama’s Tax Proposal

Washington, D.C. — Speaker Nancy Pelosi issued the following statement today on President Obama’s tax proposal:

“The tax proposal announced by the President clearly presents the differences between Democrats and Republicans. Any provision must be judged by two criteria: does it create jobs to grow our economy and does it add to the deficit?

“The Democratic provisions will create jobs and help 155 million workers through tax cuts for the middle class, helping working families who are struggling and growing the economy.

“The Republican demands would provide tax cuts to the millionaires and billionaires, fail to create jobs and increase the deficit. And to add insult to injury, the Republican estate tax proposal would help only 39,000 of America’s richest families, while adding about $25 billion more to the deficit.

“Republicans have held the middle class hostage for provisions that benefit only the wealthiest 3 percent, do not create jobs, and add tens of billions of dollars to the deficit.

“We will continue discussions with the President and our Caucus in the days ahead. Democratic priorities remain clear: to provide a tax cut for working families, to promote policies that produce jobs and economic growth, and to assist millions of our fellow Americans who have lost their jobs through no fault of their own.”

RE :”I was teasing some black Democrats here in MD and told them Obama betrayed us by giving tax cuts to millionaires and billionaires that don’t need it, and fighting needless wars, basically throwing all those arguments they used against Bush on Obama. Guess what? For the first time these black liberals defended war and tax cuts (extensions) for the rich. That was fun......Reminds me of RINOs here who say amnesty is bad when Obama does it but good when GWB did it.”

I wrote a whole vanity on this approach before the election but I figure the most appropriate time to post it is after the 111th congress finishes. By then I will have another chapter.

Still, did you hear anyone on talk radio predict that with Obama as president that black liberal Democrats would be defending ‘tax cuts for millionaires and billionaires’ and ‘needless wars’ ? Remember that those were the reasons they claimed to hate Bush for 8 years?

It is a crazy world.

Their defense is that Obama is now forced to run huge deficits to get what they (Democrats) consider critical spending passed by Republicans in congress. Of course when Bush and Reagan ran deficits by giving into Democrat spending Demands to get his things through congress like war and tax cuts Democrats claimed the deficits were all the Republican president's fault, no excuses.

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