Pelosi signals No on Bush tax cuts for the wealthy

Via TPM, we find Nancy Pelosi reaffirming in an NPR interview her rejection of any tax cut compromise that would extend them for the wealthy. This is good news:

[O]ur position in the House has been we support the tax cuts for the middle — for everyone, but not an additional tax cut at the high end.

It’s too costly. It’s $700 billion. One year would be around $70 billion. That’s a lot of money to give a tax cut at the high end. And I remind you that those tax cuts have been in effect for a very long time, they did not create jobs.

So far, so good; that last point is especially effective. Now let’s see if it holds. There’s still a lot of kabuki in Washington.

GP


Gaius Publius is a professional writer living on the West Coast of the United States. Click here for more. Follow him on Twitter @Gaius_Publius and Facebook.

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