Pelosi renames Bush tax cuts -hedges on whole enchilada

September 17, 2010 06:51

Pelosi said ‘”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.”’



‘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.’

‘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.’


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