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Nancy Pelosi losing support on letting Bush tax cuts expire
By: Bill O'ReillySeptember 17, 2010
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STORY EXCERPT
Politico: If the House works its will, the top income tax brackets will enjoy at least one more year of the Bush tax cuts - a development that would be a sharp rebuke of House Speaker Nancy Pelosi (D-Calif.) and President Barack Obama. At least 38 House Democrats have now come out publicly in favor of at least a short-term extension of current income tax rates for couples earning more than $250,000 and individuals over the $200,000 threshhold - bucking calls from Obama and Pelosi to let taxes increase on wealthier Americans. Other Democrats have indicated privately that they prefer an extension instead of allowing rates to expire for top earners, and Maryland Rep. Chris Van Hollen, who heads Democratic campaign efforts, has argued behind closed doors for taking a political issue off the table by giving a short reprieve to wealthy folks before the midterm elections.
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