Martha Raddatz asked if a deal without including an extension of the Bush tax cuts for the wealthy was acceptable.
“Well, no, I mean, the president made it very clear in his campaign that there is not enough — there are not enough resources. What you just described is a formula and a blueprint for hampering our future. You cannot go forward — you have to cut some investments. If you cut too many, you’re hampering growth, you’re hampering education, our investments for the future. If it’s going to bring in revenue, the president has been very clear that the higher income people have to pay their fair share.”
As you can see, Martha Raddatz’s interview with Nancy Pelosi was on ABC’s “This Week,” and Pelosi flatly stated that without ending the Bush tax cuts for the wealthy, by simply closing loopholes and capping tax deductions, there would be no deal on the “fiscal cliff” aka fiscal curb, fiscal slope, fiscal speed bump, etc.
John Boehner would disagree. ABC:
Pelosi’s position puts her directly at odds with GOP House Speaker John Boehner, who said tax rate hikes would be ”unacceptable” during an interview with ”World News” anchor Diane Sawyer earlier this month. Boehner has said he is open to rewriting the tax code and closing loopholes, which would result in additional revenue for the federal government, but has ruled out rate hikes for the wealthy.
Pelosi made it clear that she also doesn’t want to go over that fiscal speed bump:
”The spirit at the table was one of everybody wants to make the best effort to get this done. Hopefully that is possible; hopefully it is possible by the middle of December so the confidence of the markets and most importantly the confidence of the consumers returns to infuse our economy with demand, which creates jobs.“
She made a good point: It’s consumers who are the job creators.