Legal Commentary

Pelosi: No Tax Cuts For The Rich

By Big Tent Democrat

Speaker Pelosi:

[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.

The advantage of having Speaker Pelosi continue as Dem leader in the next Congress would be precisely to articulate the liberal position. If in 2012, Dems decide to choose another image for the election, they can retire Pelosi. For now, the reality is Dems will have no say in what legislation comes out of the House the next two years. But they can distance themselves from policies that they disagree with. And of course, lame duck Speaker Pelosi can basically say no to all the bad ideas floating around now. Let President Obama and Speaker Boehner pass their bad policies in the next Congress, if they can.

Speaking for me only

Full post as published by TalkLeft on November 12, 2010 (boomark / email).