08 January 2007

Pelosi: Democrats looking for way to pay for tax cuts for middle-class

Does anyone really think that Pelosi is seriously going to keep the tax cuts in place?
The tax cuts that President Bush initated and has maintained has kept this economy strong and growing.
When Pelosi and her ilk take away the tax cuts, increase the minimum wage and throw health care in to the mix, then the economy will tank.
Mark my words.

By John Heilprin
Associated Press
AZcentral.com

Jan. 8, 2007 07:16 AM WASHINGTON - Democrats are not ruling out raising taxes for the wealthiest people to help pay for tax cuts for middle-income families, House Speaker Nancy Pelosi said.

She spoke of pursuing an estimated $300 billion that people owe in back taxes, eliminating deficit spending and reducing wasteful federal spending.

"As we review what we get from ... collecting our taxes a reducing waste, fraud and abuse, investing in education and in initiatives which will bring money into the treasury, it may be that tax cuts for those making over a certain amount of money, $500,000 a year, might be more important to the American people than ignoring the educational and health needs of America's children," Pelosi, D-Calif., said in an interview aired Sunday.

"What we're saying is Democrats propose tax cuts for middle-income families. And we want to have pay-go,' no new deficit spending. We're not going to start with repealing tax cuts, but they certainly are not off the table for people making over half a million dollars a year," Pelosi said.

No comments: