WASHINGTON — Speaker of the House John Boehner's "Plan B" to avert the fiscal cliff would cut taxes for incomes under $1 million — a higher threshold than the White House demands, but one that had a powerful backer, House Minority Leader Nancy Pelosi.
In May, Pelosi sent Boehner a letter calling for the immediate passage of a middle class tax cuts up to that level, while President Barack Obama was on the campaign trail calling for taxes to rise on incomes over $250,000. The White House has since revised that target at $400,000 in ongoing negotiations with Boehner, but has shown few signs it would accept the $1 million level.
"Democrats believe that tax cuts for those earning over a million dollars a year should expire and that we should use the resulting revenues to pay down the deficit," Pelosi said in the letter.
Honest to goodness...I can't stand that smiling witch. She's so afraid of being caught without a smile on her face that she smiles while talking. That is, unless her facelifts have pulled her face in that position...
So back to the subject..I'm sure Boehner will take her suggestion to heart and bow to her wishes when he should be listening to the conservatives in Congress.