You're watching...

Pelosi Changes Stance on Tax Cuts

Details

  • Description

    FBN’s Rich Edson with news that House Minority Leader Nancy Pelosi has changed her stance on tax cuts, calling to extend rates for all making less t...

  • Duration 1:35
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

Nancy Pelosi chasing -- stand on tax cuts Richardson has the very latest -- tell stretch.

Right well a major shift in the development here of the expiration of tax rates at the end of this year House Minority Leader Nancy Pelosi saying the Democrats believe those earnings.

A million dollars a year.

The tax cuts the tax rates.

Should expire for them it was 250000.

Dollars a year congressional Democrats and the White House calling for tax increases on families earning more than 250000 dollars a year.

This increase is what their threshold is for negotiations to a million still Republicans are having none of this a spokesman for speaker John Boehner says that the house has already announced it will act to stop a tax hike.

On every American taxpayer now what this does for Democrats by raising the threshold.

Is it allows them to politically say that Republicans are trying to defend millionaires and it also makes it a lot easier.

For more Democrats to get behind it Democrats like those in new York New Jersey San Francisco Washington DC.

Who make a little more than 230000 dollars a year and don't consider themselves wealthy.

Back to yet went to take all the taxes out you're not all right Richardson thank you very much interest and -- to shift as a rich but it of positioning -- but it is -- global political mileage.

It finds little religion -- acts child in those countries very his picks up I -- if you can't vitamin bit.

You -- miles -- small kids won't get you to the front of the line.

I think that's good news Renault you look at all eyes are always welcome them what they -- prepared for a.