Posted on 12/20/2012 5:46:42 PM PST by Sub-Driver
Pelosi says she proposed a millionaire tax this year to ‘smoke out’ Republicans
Posted By Nicholas Ballasy On 5:15 PM 12/20/2012 @ 5:15 PM In DC Exclusives - Original Reporting,Politics | No Comments
House Minority Leader Nancy Pelosi explained on Thursday why she proposed a tax increase on millionaires this year but won’t support it now as part of the House Republican plan to avoid the fiscal cliff.
“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,” Pelosi, a California Democrat, wrote in a May 23, 2012 letter to Speaker of the House John Boehner.
Boehner’s fiscal cliff “Plan B” would allow the current Bush-era tax rates to expire at the end of the year for families making over $1 million annually.
“At that time we were trying to smoke out the Republicans to see just how bad it was,” Pelosi told TheDC at her weekly press briefing on Capitol Hill. “Could they not touch the hair on the head of even people making a million dollars a year? And if they would go to that place, what kind of other package would go with it? But to say they’re bringing this to the floor — they’ve already become a little bit pregnant on their tax pledge that they’re not going to ever raise rates.”
“So they’ve done that, and that’s a victory for the president, I believe,” she continued. “But you just can’t do that and not say we’re going to have another side to this in terms of how we, again, reduce the deficit, grow the economy, because the higher up you go, the less deficit reduction you get… if you’re talking about dollar for dollar, the higher up you go, the less in revenue you bring in, but the less in cuts you can expect to have if it’s dollar for dollar.”
Pelosi concluded that Democrats “did smoke them out” because “they said they would protect everybody up to a million dollars, but don’t worry about it because we’re still going to give you $50,000 a year tax cut if you make over a million dollars a year.”
She added, “so, actually, really, they sort of pulled their punch on it.”
Rates would rise for all taxpayers if the White House and congressional leaders do not reach an agreement on the fiscal cliff before the end of the year.
Half the flaming country on the dole and she’s got the brass neck to talk about fair shares.
The instant retort would be to ask if she is offering the $250k tax increase to smoke out the Republicans, as well.
She’s not that smart. Schumer is though!
How about just once proposing something that actually does right by the American people, Crazy San Fran Nan?
The fiscal cliff was created by politicians. The GOP was going to get the blame no matter what from the DWTS and American Idol crowd. We went over the fiscal cliff a long time ago. We will all suffer due to the politicians but what else is new. Stockpile the ammo and food.
Time to become really bitter clingers.
In other words “I AM I LIAR” and really never intended to do what I said!
“HOW DO YOU DEAL WITH LIARS?”
bobo
Let them decide if its worth it or not....
So more of them leave the US! Sad, the people with money are those who pay my bill’s, and they are leaving! I’ve watched/ experienced this over the last 5 yrs.
They are leaving, another thing that the media is missing!
Tax career politicians to death, there the ones that put in the stupidity!
I was just reading today about our county assessor in Los Angeles... he’s been in jail since October (and not working since June) on bribery charges. Today city council voted to continue his $190K/year salary despite his being in jail.
And yet the government wants more tax money from me.
It shows how far that party has slid that she is their figurehead now.
Liar! Liar! Smoked out PANTS on FIRE!
““At that time we were trying to smoke out the Republicans to see just how bad it was,”
So was she lying then or lying now? Either way she’s
proven herself to be a bald face liar. Just perfect for
the people she represents who know this and still vote
for the lying runt.
Still not a word from democrats on the out of control spending that is prompting these severe tax increases.
Her last brain cell is shorting out.
The whole thing is such a joke and the MSM doesn’t report anything of the reality.
This is like a family that makes 100 grand, spends 140 grand, and argues ferociously over cutting their spending by a couple thousand.
Was she lying then or lying now?
The ONLY winning move is not to play.
Yea, because she’s such an effing genius!
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