Domestic Taxes

Pelosi won’t rule out extension of all tax cuts

Echoing President Obama, Pelosi said she was personally opposed to a one- or two-year extension of tax cuts for Americans earning more than $250,000 a year, which more than two dozen members of the House Democratic Caucus have advocated. But she added a qualifier:

“That’s my position, but again, we listen to our members.”

The tax-cut question has become the dominant concern for lawmakers in the brief legislative session before the midterm congressional elections. Democrats are now debating whether to hold a vote on extending only the middle-class tax cuts before the election, as many liberals want, or whether to wait until a lame-duck session of Congress to deal with the issue.

Pelosi argued at length for allowing the tax cuts on the top brackets to expire, but she could not say whether she had the votes to do so. Asked if there was any chance the top rates would be extended, even temporarily, the Speaker dodged.

“The only thing I can tell you is tax cuts for the middle class will be extended this Congress,” Pelosi said.

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