CNBC Press Releases

JOHN HARWOOD: GIVEN THE VETO THREAT THAT THE PRESIDENT'S PUT OUT ON ANY TAX INCREASE IN THIS CONGRESS, ARE WE LIKELY TO SEE BEFORE THIS CONGRESS IS DONE ANY INCREASE EITHER THOSE OVER 200,000, THOSE OVER 500,000? PEOPLE HAVE TALKED ABOUT A SURTAX PROTECTING MIDDLE CLASS TAXPAYERS S THAT GOING TO HAPPEN OR ARE WE JUST GOING TO TALK AND FIGHT AND VETO?

NANCY PELOSI: ARE YOU TALKING ABOUT THIS SESSION?

JOHN HARWOOD: IN THIS ENTIRE CONGRESS.

NANCY PELOSI: WE ARE GOING TO TAKE A LOOK AND SEE WHAT WE NEED TO DO, BUT AGAIN, TIGHT FISCAL DISCIPLINE, REALIGNMENT OF PRIORITIES, AND WE WOULD HOPE TOP WORK WITH THE PRESIDENT ON THAT BECAUSE IF HE WOULD ABANDON SOME OF HIS SPENDING PRIORITIES WHICH ARE NOT GOOD INVESTMENTS FOR THE FUTURE, WE COULD FUND OUR INNOVATION AGENDA WHICH IS OUR COMMITMENT TO COMPETITIVENESS TO KEEP AMERICA NUMBER ONE, PAID FOR UNDER THE LEGISLATION WHICH HE SIGNED IN JULY. WE COULD PAY FOR OUR INVESTMENTS IN INNOVATION THAT RECOGNIZE INNOVATION BEGINS IN THE CLASSROOM AND NOTHING BRINGS MORE TO THE TREASURY MORE THAN EDUCATING THE AMERICAN PEOPLE. SO LET'S START WITH WHAT OUR AGENDA IS, HOW IT GROWS THE ECONOMY, HOW IT, AGAIN WITH THE FISCAL DISCIPLINE S GOOD FOR THE ECONOMY, AND THEN LOOK AT THESE. NOW, ON THE ALTERNATIVE MINIMUM TAX THERE WILL BE A FIX ON THAT, AT LEAST A PATCH IN THE SHORT TERM. THAT, AGAIN, WILL HAVE TO BE SUBJECTED TO FISCAL DISCIPLINE.

HARWOOD: PAID FOR BY THOSE OVER 500,000?

PELOSI: WELL, WE'LL SEE WHERE IT HAS TO BE, BUT WE'LL LOOK AT A NUMBER OF DIFFERENT PLACES TO DO IT. BUT IT IS A TAX BREAK FOR THE MIDDLE CLASS, AND THAT IS WHAT WE ARE ABOUT.

Tools:

PrintEmail

Next Post

Previous PostBack to Main Page