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Pelosi parts from Obama on Bush tax rates, urges extension for those making under $1M
Fox News ^ | 05/23/2012

Posted on 05/24/2012 12:32:47 PM PDT by SeekAndFind

House Democratic Leader Nancy Pelosi just pulled her caucus well to the right of President Obama, as she dramatically broadened the scope of her proposal for extending the Bush-era tax cuts.

The White House, since Obama took office, has called for those tax rates to be extended only for households making less than $250,000 a year. The president wants the rates to expire for everybody else.

But Pelosi, in a letter to House Speaker John Boehner, upped that threshold to $1 million. She urged Boehner to schedule a vote "as early as next week" to extend the "middle-income tax cuts" -- which she apparently is defining as those affecting households that make less than $1 million.

"We must ask the very wealthiest Americans to pay their fair share. Democrats believe that tax cuts for those earning over a million dollars a year should expire and that we should use the resulting revenues to pay down the deficit," she wrote. "By ensuring that the middle-income tax cuts do not expire, we will put money into the pockets of American consumers, saving the typical middle-income family thousands of dollars per year."

The letter marked a split between how Pelosi and how Obama define middle class.

One senior Republican aide noted "how big a shift this is" after the letter was made public. It's a shift that could make it easier for Democrats from wealthier areas to support the party position.

The president came under fire from Republicans in the last Bush tax cut debate for describing households making $250,000 as wealthy and threatening to let their cuts expire. Ultimately, the rates for everybody were extended -- but that extension expires at the end of 2012 if Congress does not act.

(Excerpt) Read more at foxnews.com ...


TOPICS: Constitution/Conservatism; Culture/Society; Front Page News; Government
KEYWORDS: bush; mediawingofthednc; obama; obamadeficit; obamarecession; partisanmediashills; pelosi; taxcuts

1 posted on 05/24/2012 12:32:58 PM PDT by SeekAndFind
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To: SeekAndFind

Donations must be down in Silicon Valley


2 posted on 05/24/2012 12:36:30 PM PDT by Zathras
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To: SeekAndFind

Pelosi wrote a note to Boehner and told him to get his ass in gear and get this done.

And Boehner will get right on it.

Nancy is still running the House even from Boehner’s seat.

Why can’t Republicans find someone with a pair of balls -—even ones like Nancy has.\, they are better than none.


3 posted on 05/24/2012 12:43:40 PM PDT by Venturer
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To: SeekAndFind

Wow! Huge divergence between Pelosi and Obama. Pelosi is to the right of obama?


4 posted on 05/24/2012 12:49:17 PM PDT by Ravi
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To: SeekAndFind
I hope the Republicans have the balls to let the whole package of Bush Tax Cuts expire - all of them.

Then Americans will see how everybody benefitted, not just "the rich," not just Halliburton.

Let 'em expire, Boehner. Then blame the Democrats.

5 posted on 05/24/2012 12:49:56 PM PDT by eCSMaster (Conservative patriots, Rise up!)
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To: SeekAndFind

The jury is out on whether Nasty Nancy has some trick up her sleeve or if her single brain cell has started working again.


6 posted on 05/24/2012 1:00:42 PM PDT by ImJustAnotherOkie (zerogottago)
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To: SeekAndFind

Nancy must be worried about her election. I guess those wacko libtards don’t want to put THEIR money where there mouth is.


7 posted on 05/24/2012 1:00:53 PM PDT by No Socialist
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To: SeekAndFind

Wow if middle income is considered 1 million a year then I am way below the poverty line, where do I sign up for an EBT card? //sarc


8 posted on 05/24/2012 1:05:25 PM PDT by 3rdcoastislander
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To: Zathras
With the AMT, why is any of this charade required?

http://www.irs.gov/pub/irs-pdf/i6251.pdf

We're all screwed regardless of any Buffet rules or special interests.

9 posted on 05/24/2012 1:50:12 PM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: eCSMaster

“Let ‘em expire, Boehner. Then blame the Democrats.”

The people will never hear it. It will be spiked so fast it would make your head spin.


10 posted on 05/24/2012 3:07:38 PM PDT by EQAndyBuzz (Would you rather eat dog food or cat food? Guess it's Romney 2012.)
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