Pelosi Urges Obama to Raise Taxes on Wealthy This Year

[Wretched Excess]

why is she urging obama to do anything at all?  she is speaker fo the house;  this is almost entirely up to her and that doddering old man that is in charge of the senate.  raising taxes in the teeth of a recession is economic suicide, but it would be the first step taking back congress.

Pelosi Urges Obama to Raise Taxes on Wealthy This Year

House Speaker Nancy Pelosi (D-Calif.) is urging the incoming Obama administration to stick to its campaign pledge and immediately increase taxes on the wealthiest Americans, a position that President-elect Barack Obama has wavered on since winning election.

Pelosi told reporters today that she "couldn't be more clear" in opposing some Obama advisers' wish to wait for the tax cuts on the highest income earners to expire in two years, as they are set to do under current law. "Put me down as clearly as you possibly can as one who wants to have those tax cuts for the wealthiest in America repealed," she said.

Pelosi said the income tax cuts to the highest earning Americans -- which were decreased from 39.6 to 35 percent as part of the 2001 Bush tax plan -- have been "the biggest contributor to the budget deficit," which now stands at $1.2 trillion for fiscal year 2009. That deficit figure does not include the impact of the pending stimulus measure, which will cost around $800 billion, nor does it include estimates for supplemental spending bills that will come later this year to finance the wars in Iraq and Afghanistan.

On the campaign trail, Obama touted an immediate repeal of the Bush tax cuts for top wage earners, while promising tax relief for the bottom 95 percent of Americans. He said he planned to use increased revenues from the repeal of those tax cuts to finance some of his ambitious agenda items, including a near-universal health care plan.

As the economic situation has grown more dire, however, Obama's advisers have hinted in recent weeks that they may wait two years and allow the tax cuts for the wealthy to expire, fearful of the impact of raising taxes during a sharp recession. And in an interview with CNBC Wednesday night, Obama himself said he had not yet decided what he would do.

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[NHSparky]

The Obama tax form:

1--How much did you make?
2--Send it in.

[formerlurker]

why is she urging obama to do anything at all?  she is speaker fo the house;  this is almost entirely up to her and that doddering old man that is in charge of the senate. 

Because she doesn't mean it.   She has been running her dog and pony show for years now.

[DumbAss Tanker]

Because she doesn't mean it.   She has been running her dog and pony show for years now.

Good observation!

 

[rich_t]

Because she doesn't mean it.   She has been running her dog and pony show for years now.

Is she the dog or the pony?

[JohnnyReb]

The Obama tax form:

1--How much did you make?
2--Send it in.

Plus $13.99 for shipping and handling.

[JohnnyReb]

Is she the dog or the pony?

Can't tell from this angle.

[Chris_]

The Obama tax form:

1--How much did you make?
2--Send it in plus 10% if you are classified as "rich" (your are rich if you make more than $25k per year)

Fixt.

[NHSparky]

Can't tell from this angle.

Well, she IS a horse's ass, at least.