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Posted on 11/17/2011 11:20:30 AM PST by Sub-Driver
Pelosi to supercommittee Republicans: Tax the rich to avoid defense cuts By Mike Lillis - 11/17/11 12:04 PM ET
If Republicans wish to avoid defense cuts, House Minority Leader Nancy Pelosi warned Thursday, they should agree with Democrats to tax the rich.
The California Democrat accused Republicans of feeling more bound to the anti-tax pledge of Grover Norquist, head of the conservative Americans for Tax Reform, than to their oath to serve and defend the country.
“The sequester is what it is,” Pelosi said during a press briefing in the Capitol, referring to the $1.2 trillion in automatic cuts that would be triggered if the supercommittee fails to agree to that amount in deficit reduction over the next decade.
“There are some who think or have suggested that the oath to Mr. Norquist is more important than other oaths that members take.”
The automatic cuts would be split between defense and domestic programs. A number of leading Republicans, as well as Defense Secretary Leon Panetta, have warned that Pentagon cuts of such magnitude would cripple the country’s defense capabilities.
Pelosi on Thursday said Democrats are no less concerned with the nation’s strength — both in terms of defense and domestic affairs. But the entire idea behind making the automatic cuts so unattractive, she noted, was to force the supercommittee members to make the tough choices required to reach a deal.
“The thought with sequester is that we’re all very concerned about our national defense and the strength of our country, whether it’s measuring the health and education [and] well-being of our people on one side of the sequester, and as it is measured in our military strength,” she said.
“We would rather there be a better way to do this. But if you refuse … to take one red cent from the wealthiest people in our country and the price we have to pay is the diminished defense and the diminished strength of our country, I think that something is [wrong] here.
“That could be avoided,” Pelosi said, if supercommittee Republicans would agree to a broader plan that brings tax-revenue increases in closer balance to the domestic cuts the Democrats have laid on the table.
“One might judge that the Republicans are more concerned about not taxing anymore,” she said.
Pelosi’s remarks arrive as Democrats are feeling they have the upper hand as the supercommittee scrambles to find $1.2 trillion in deficit savings by Nov. 23 or trigger the automatic cuts.
Last week, Republicans on the supercommittee offered a plan to hike tax revenues by $250 billion as long as the Bush-era tax cuts were expanded and extended.
Pelosi on Thursday rejected that plan outright.
“If the plan is to extend the Bush tax cuts, and to repeal the Medicare guarantee for our seniors, well that’s not balanced and that’s a place we cannot go,” she said.
pelozi could be prosecuted...NO law exempting!...
http://www.breitbart.tv/law-prof-pelosi-could-be-prosecuted-under-existing-insider-trading-law/
Hell is TOO GOOD for this Female DOG!
How about a 100% tax on the loot Pelosie got from Visa?
Pelosi to supercommittee Republicans: Tax the rich or I’ll shoot this kitten!
couldn’t be more predictable. happy boehner?
How about Pelosi returning the insider trader money she got per 60 Minutes?
Corruption thy name is DC politician(s).
Cut out the f 35 and say your move bitch.
Oh, no...
By “the rich”, she doesn’t mean the actual WEALTHY,
she means you amd me... the people who have some savings and property earned from hard work,
and this is the same “the rich” that they will gin up absolute HATRED for when the crash comes, deflecting blame from themselves.
REPUBs to Pelosi,
Close two gov. agencies to keep the country’s integrity?
I agree, let’s tax the heck out of all rich RATS!
Republicans made a very bad deal with this super committee and trigger cuts. The idea that defense should take half of the reductions is ridiculous. Defense is the core function of government. I also think that failure to agree involves the expiration of the Bush tax rates although I may be mistaken on this point. Democrats have more bargaining power in the super committee so I expect that Republicans will cave or deal with large reductions in the defense budget.
I thought the Supercommittee was charged to find cuts in exchange for raising the debt ceiling. Whatever happened to that deal? Where did tax hikes come from?
Ray Charles could have seen this one coming.
Let’s see the congressional Democrats demonstrate real leadership. Let every demo senator and congressperson who is worth more than $1 million give up one half to the federal treasury, everyone who is worth more than $10 million give up three quarters to the treasury, and everyone who is worth more than $50 million give up 90%. As this is being calculated make sure all spousal assets are included, all overseas assets, and all currently tax-sheltered assets. Eliminate all loopholes to them as they calculate their wealth except those approved by the first hundred people listed in the Topeka, Kansas telephone book. After they have done that, we will pass legislation to tax the rich at a higher degree. And then remind them that they, under Obama’s scheme will still be counted as among the rich.
Let’s see some real patriotic, caring leadership. Nancy, Harry, you first, show us your sincerity.
Nancy lies...again.
yeah. i sure miss brother ray!
Pelosi, liquidate all your and your beard husband wealth. Send check to DOD. Set an example, you hypocrite. Go live in your children’s cellar and collect a Social Security crazy check.
Pelosi does not have enough votes to accept or reject anything.
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