The FAA has no choice but to cut $637 million as its share of …
In this Sept. 13, 2012 file photo, House Minority Leader Nancy Pelosi of Calif. speaks during a news conference on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)
In this Sept. 13, 2012 file photo, House Minority Leader Nancy Pelosi of Calif. speaks during a news conference on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)
The FAA has no choice but to cut $637 million as its share of …
President Barack Obama will ask Congress to come up with tens …
Updated: Tuesday, 11 Dec 2012, 12:27 PM EST
Published : Tuesday, 11 Dec 2012, 12:27 PM EST
WASHINGTON (AP) — House Democratic Leader Nancy Pelosi is calling on Republicans to permit a vote on President Barack Obama's plan to let tax cuts expire at upper incomes, while keeping them in place for the middle class.
In remarks on the floor of the House, she predicted the legislation would pass.
Rebutting remarks that Speaker John Boehner made moments earlier, the California Democrat said Obama and Democrats have in fact identified spending cuts they can support as part of a balanced plan to avert a "fiscal cliff" that threatens to send the economy into another recession.
Without action by Congress, tax cuts will expire on all income levels and government funding for numerous programs will be cut at the end of the year.
--------------------------------------------------------------------
Opinions that are derogatory, attack other users or are offensive in nature may be removed. WTHI is not responsible for the content posted in this comment section. We reserve the right to remove any offensive or off-topic remark or thread. To mark a comment for review by a moderator, click "Report Abuse."