John Boehner suggests tax plan previously proposed by Nancy Pelosi; ‘Not a serious proposal’ says… Pelosi
**Written by Doug Powers
In May, Nancy Pelosi wrote a letter to House Speaker John Boehner requesting an immediate extension of the Bush tax cuts for Americans earning less than a million dollars per year, and for the cuts to expire on those earning more than that amount:
Without further delay, the Majority Leadership should schedule a vote on extension of the middle-income tax cuts, as early as next week, to increase certainty for millions of American taxpayers and for the economy. We should not delay passing this legislation that will help afford all Americans the opportunity to reach their goals and realize the promise of the American Dream.
We must ask the very wealthiest Americans to pay their fair share. Democrats believe that tax cuts for those earning over a million dollars a year should expire and that we should use the resulting revenues to pay down the deficit.
This morning, John Boehner proposed the same thing, and the White House dismissed it:
Democrats from the White House and beyond panned the new “Plan B” proposal of House Speaker John Boehner avoid at least the tax portion of the fiscal cliff, but anti-tax GOP House members sounded cautiously optimistic about the idea of passing a measure that allows tax hikes only on income over $1 million.
White House spokesman Jay Carney later released a statement panning Plan B, saying that the sides should keep negotiating and that Plan B idea would not meet Obama’s top priority of protecting middle-income earners.
“The Speaker’s ‘Plan B’ approach doesn’t meet this test because it can’t pass the Senate [not true - DP] and therefore will not protect middle class families, and does little to address our fiscal challenges with zero spending cuts,” Carney said.
Nancy Pelosi panned the Pelosi plan as well:
“It’s a tactic, but it’s not a serious proposal,” she said.
I actually agree with her. No proposal that originated with Nancy Pelosi should be taken seriously. Celebrate bipartisanship!
Today Pelosi said she only made that proposal in May as a ploy to “smoke out the Republicans” on raising taxes on the wealthy:
Something just happened — though I’m not exactly sure what.
**Written by Doug Powers
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