Speaker Pelosi weighs repeal of Bush era tax cuts

[Joanne98]

Source: AP


WASHINGTON (AP) — House Speaker Nancy Pelosi wants Congress to consider repealing President George W. Bush's tax cuts well before they expire in 2010, in contrast to what President-elect Barack Obama is proposing.

In an interview aired Sunday, Pelosi said, "I don't want them to wait two years to expire because they have to prove their worth to me."

But she also noted that Democrats campaigned on a promise to end the Bush tax cuts for those who make more than $250,000.

Pelosi, appearing on "Fox News Sunday," said Democrats had campaigned on a message it heard from the Congressional Budget Office, saying that "nothing contributed more to the budget deficit than the tax cuts for the wealthiest people in America."

Obama also has pledged to end the tax cuts. But aides have said that he is not proposing to raise taxes at this time on those making more than $250,000, citing the economic crisis, rising joblessness and the credit squeeze.


Read more: http://www.google.com/hostednews/ap/article/ALeqM5g7x4s...

[katandmoon]

1. Nancy must have an extensive collection of neck braces for all the whiplash

[Demeter]

9. And a Death Wish

Pelosi cannot be wrong on every issue, can she? Lots of luck.

If you had impeached, you would have the people behind you, Nance! Then they would support you in this, and override the GOP hangers-on.

Too bad!

[.... callchet ....]

11. And while we talk

When most people get a job they really want and they really want to do good at, they move to the new job. Not hop around in a Boeing 757-200.

[Dont_Bogart_the_Pretzel]

2. I read "Fox News Sunday" and stopped reading

Why do people still go on FoxNoise anyhow? They don't care what the people think..

[HopeHoops]

12. The problem is that FOX is allowed to use the word "NEWS" when "opinion" is the reality.

[tomreedtoon]

3. But she doesn't want to offend her departing buddy Dubya.

While she's trying to hang on to her phony-baloney job, where she took impeachment off the table and stomped it to death with her stilettos, she's also trying to suck up to the incoming Obama administration and seem to be progressive, until she doesn't have to keep up that illusion.

Go home and work in a Wal-Mart, Pelosi. You helped them...let them employ you now.

[ohio2007]

4. she doesn't know about the $350 billion deal had caveats

just hunch about the true meaning of the 'looking forward not backward' type of comments that will be said tuesday.

[Cronopio]

5. People making $250,000+ a year aren't going to be too worried about joblessness.

Unless they invested with Bernie Madoff. They can cruise for a while.

Government is going to have to do a lot of expensive things over the next few years, and Obama and the Dems had better start figuring out where to get that money now. The poor don't have it, the middle class used to have it, so what does that leave?

It doesn't take an economic Einstein to puzzle it out. What the Dems need to do is to stop questioning, second-guessing, and gaming the solution and start taking Warren Buffett's advice. Raise his taxes.

[Psephos]

16. Except perhaps the 40,000 who have become jobless on Wall Street.

They are, by the way, responsible for about 20% of NY State's general tax revenue.

Just sayin'...

[Cronopio]

20. If they've become jobless, then they're not making $250,000+ anymore ...

... and the tax raise wouldn't apply to them.

Also, if they've made $250,000+ a year for years and haven't saved anything at all for a rainy day, I don't have a lot of sympathy for them. Fiscal responsibility was a sensible idea even before it came back into vogue.

[Psephos]

24. Which goes straight back to my point - they should have been worrying about joblessness

Because, umm, they lost their jobs.

[onethatcares]

6. I almost said aloud, "who cares what that person thinks?"

apparently she needs the wake up call of a lost election to remind her who she actually is supposed to work for.

[rocktivity]

7. And where was all this tough talk when Bush was actually in power, Nancy?

From "draining the swamp" to taking impeachment of the table to fighting the tax cuts? Where were could when you COULD have fought them, Nancy?


rocknation

[haw river]

8. sock it to them

Buffett paid 17% in 2007
His secretary paid larger percent

Rich have gotten all goodies since 1980.

It is time to make them pay a FAIR PERCENTAGE

Corporations pay 13% on profits. Smallest of 17 OECD nations.

Yet! Still you hear Larry Kudlow and others screaming "Highest corp tax of any nation"

True. 35% rate is second highest.
So what! When you pay 13%.


It is merely a Tactic of Deceit to say highestrate yet not show lowest paid.

Many of top firms pay no tax.

Large firms have had gravy ride for 25 years as tax on profits went down down.

It is time they carry a FAIR share of our DEBT burden.

sock it to em bubba

[toopers]

19. What do you mean by fair share?

Interesting statistics from the IRS.

http://www.treas.gov/press/releases/reports/factsheetwh...

[.... callchet ....]

10. Desperately hanging on

but there doesn't seem to be the stomach for demanding massive tax increase on the $250,000 a year and up. Wait a minute ! What am I talking about. I might get a job this year and make $250,000 "taxable income ". Can we exclude newbies, just in case.

[marshall]

13. How about a national sales tax, Nancy?

We're in a huge mess. It's time for everyone to step up, tighten our belts, and get ourselves in order.

[Skink]

14. Internet sales tax.

[AndyTiedye]

15. Sales Taxes are Regressive

Sales taxes hurt the poor more than the rich, because the poor typically spend every cent they make and still can't make ends meet.

[Psephos]

17. Agreed n/t

[marshall]

18. Too bad the states don't see it that way

Then again, I have no problem wiht so called "sin taxes" on cigarettes, booze, and adult magazines and videos.

[RCinBrooklyn]

21. End tax cuts, raise FICA max, refuse bail out money to Corps with off shore subsidiaries.

[Owl]

22. Agreed.

[lonestarnot]

23. While I am in total agreement with repealing the tax cuts, I am suspicious of Pelosi.

And faux snooze. They both have an agenda.

[Imagevision]

25. And while she's at - remove the 4 billion in tax breaks to big oil!