Barack Hussein Obama Moves Left Of Pelosi
House Democratic Leader Nancy Pelosi just pulled her caucus well to the right of President Obama, as she dramatically broadened the scope of her proposal for extending the Bush-era tax cuts.
The White House, since Obama took office, has called for those tax rates to be extended only for households making less than $250,000 a year. The president wants the rates to expire for everybody else.
But Pelosi, in a letter to House Speaker John Boehner, upped that threshold to $1 million. She urged Boehner to schedule a vote "as early as next week" to extend the "middle-income tax cuts" -- which she apparently is defining as those affecting households that make less than $1 million.
"We must ask the very wealthiest Americans to pay their fair share. 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," she wrote. "By ensuring that the middle-income tax cuts do not expire, we will put money into the pockets of American consumers, saving the typical middle-income family thousands of dollars per year."
The letter marked a split between how Pelosi and how Obama define middle class.