Tags: Nancy | Pelosi | fiscal | cliff

Pelosi Says No Budget Deal Without Tax Rate Hikes

Sunday, 18 Nov 2012 07:38 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
House Democratic leader Nancy Pelosi says she's hopeful lawmakers can come to a deal to avoid a year-end "fiscal cliff" but any agreement has to include tax rate increases for the wealthy.

She tells ABC's "This Week" that she can't accept a deal that caps deductions and closes some loopholes but does not alter current tax rates for the wealthy.

The California Democrat says "just to close loopholes is far too little money" and other ideas have to be considered. Republicans have suggested they are open to finding more revenues.

Lawmakers are facing expiration of the George W. Bush-era tax deductions and across-the-board spending cuts that automatically hit in January - the result of Congress' failure to reach a deficit-cutting deal last year.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sen. Rand Paul Backs 'Opening Up to Cuba'

Thursday, 18 Dec 2014 22:52 PM

Fewer than 24 hours after his office said he had no statement on President Obama's historic change in U.S. policy toward . . .

Jim DeMint: GOP Won't Have 'Mushy, Middle' Candidate in '16

Thursday, 18 Dec 2014 18:42 PM

Several senators and governors eyeing a 2016 presidential bid already have visited with the Heritage Foundation, Preside . . .

Coburn Tells '60 Minutes': I'm Glad We Elected Obama

Thursday, 18 Dec 2014 18:04 PM

Retiring Sen. Tom Coburn, an Oklahoma Republican, said he is glad Barack Obama was elected president during an interview . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved