Jan 2009: Pelosi "urging" Obama to repeal Bush tax cuts

[Enrique]

interesting discussion in this thread, on the pros and cons of immediately repealing the Bush tax cuts for the rich immediately, instead of letting them expire.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x8069752#top

Pelosi "urging" Obama to repeal Bush tax cuts

House Speaker Nancy Pelosi tells Politico she's "urging" President-Elect Barack Obama to quickly repeal Bush administration tax cuts for the wealthy -- not wait for them to expire in 2010, as Obama has suggested he might do.

"He has the full package of what he wants to do, and we'll respect what he is saying, but put me down as one who is urging repeal," said Pelosi, ducking into her Capitol office suite to watch Obama's dour speech on the economy.

Pelosi supports Obama's push to include $300 billion in middle-class tax relief but she has long been a critic of Bush's cuts for families making over $250,000 a year.

Obama said he would get rid of the cuts during his campaign, but has softened his stance in recently weeks, saying the dire state of the economy could force him to abandon the idea of quickly repealing them, for fear of worsening the contraction.

(...)

[dave29]

1. and now we know why

No one in the House was brave enough to take them up before the election.