Pelosi: We’re not done raising taxes

House Minority Leader Nancy Pelosi, D-Calif., argued that additional revenue must be included in upcoming deficit reduction deals, calling the revenue secured by the “fiscal cliff” deal “significant” but “not enough.”

“The President had originally said he wanted $1.6 trillion in revenue,” she said on “Face the Nation.” “He took it down to 1.2 as a compromise in this legislation. We get $620 billion dollars, very significant, high-end tax, changing the high-end tax rate to 39.6 percent, but that is not enough on the revenue side.”

Pelosi declined to go into particulars, saying she was “fairly agnostic” about how to secure more revenue, but implied that closing loopholes and deductions was more likely than revisiting tax rates.

“Put it all on the table and see what is working,” she said, identifying the carried interest loophole and oil subsidies as two examples of dubious tax expenditures that may be targeted.

Rob Port is the editor of In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • kevindf

    She should confess her violations of the tenth commandment in her weekly confession.

  • Yogibare

    Of course the President and the Dem’s want more money from the taxpayers. Then they can continue the entitlements as they are—no cuts—and expand all the parts of government: EPA gets more money to regulate fracking and Global climate change; Dep’t of Agri gets more money to regulate the food supply—more money to the food stamps—Energy gets more money for solar panels, etc.
    We just saw what went on with this last bill to save the Sandy disaster fund—it is so full of pork that the MSM won’t even talk about it.

    It is becoming crystal clear that the Tea Party or some equivalent is going to gain some power to put a halt to this bunch of spenders we have in Washington.

    Well, well, Heidi, what say you????