Pelosi Parts With Obama Over Bush Tax Cuts

Ryan Grim
HuffPost

Speaker Nancy Pelosi told reporters Thursday that she wants to see the Bush-era tax cuts for the wealthy repealed "as early as possible."

The call for repeal may place Pelosi at odds with President-elect Obama; during the campaign he called for repeal but his aides have since indicated that due to the deteriorating economy, he was leaning towards allowing them to expire.

Asked again after her press conference about the tax cuts, the Speaker said she is "urging repeal."

Pelosi noted that the Congressional Budget Office has determined that the tax cuts are the biggest contributor to the ballooning deficit. "Put me down as clearly as you possibly can as one who wants to have those tax cuts for the wealthiest Americans repealed," she said.

Pelosi said she has yet to settle on a specific threshold as to what constitutes wealthy, but said that the $250,000 income range was being considered.

(More here.)