Tuesday, November 27, 2012

Pelosi Wants Vote on Tax Cuts for 98 Percent

House Minority Leader Nancy Pelosi is urging Republicans to extend tax cuts for 98 percent of Americans. Now.

“Republicans can prove that they’re prepared to work in good faith on the fiscal crisis facing our country by calling up a vote to extend the middle-income tax cuts now,” House Minority Leader Nancy Pelosi told reporters at her Capitol briefing Thursday.

Pelosi wants the tax cuts on those making above $250,000-a-year to expire. Tom Cole is urging fellow Republicans to vote on the 98 percent tax cuts before the new year.

“I think we ought to take the 98 percent deal right now,” he said of freezing income tax rates for all but the top 2 percent of earners. “It doesn’t mean I agree with raising the top 2. I don’t.”

As a negotiating tactic, if the Republicans voted on the 98 percent tax cuts then the game is over. They would never have the Senate votes or be able to override President Obama's veto. Taxes on the top 2 percent would go up and Republicans wouldn't be able to do anything about this. Cole must this. I would love to see Republican internal polling on protecting tax cuts for the rich.

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