House Minority Leader Rep. Nancy Pelosi (D-CA) made news this week when she called for the extension of Bush-era tax breaks for families making less than $1 million. President Barack Obama, however, supports extending tax cuts for families earning less than $250,000. The Washington Post editorial board took notice and called the Minority Leader out on her definition of “middle class.”
In a Washington Post editorial entitled “Nancy Pelosi’s Risky Pander on Taxes,” the paper’s editorial board said that Pelosi’s definition of middle class is on the higher end of the spectrum.
“Pelosi has an interesting definition of what constitutes the middle class. She believes it includes people earning anything less than $1 million a year — at least when it comes to tax cuts,” read the editorial.
The Post’s editorial notes that the federal government’s revenues would be devastated by extending the tax cuts for families making over $1 million.
“Ms. Pelosi and others who have taken this position … are contemplating spending several hundred billion dollars over the coming decade to help the wealthiest Americans,” reads the editorial. “That is several hundred billion dollars in a time of scarce resources and mounting debt — money that could be used, as Ms. Pelosi well knows, for worthier purposes.”
The editorial concludes “Do Democrats really want their new slogan to be: ‘Almost as irresponsible as the Republicans?”
The Huffington Post notes that the Washington Post editorial board has been critical of the Bush tax cuts in the past, saying that the cuts are “irresponsible” and “recklessly unaffordable.”
h/t Huffington Post
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