The Corner

Pelosi: No Fiscal Cliff Deal if GOP Won’t Tax Rich More

Nancy Pelosi doesn’t want to accept a deal that doesn’t raise taxes on the wealthy, even if deductions are capped.

Asked by ABC’s Martha Raddatz on This Week, “Could you accept a deal that does not include tax rate increases for the wealthy? We’ve seen talk about a possible compromise that would leave rates the same, but cap deductions for high-income earners. Is that something that’s acceptable?,” Pelosi responded, “No.”

“Just to close loopholes is far too little money, if it’s — and it could be they have said they want it to be revenue-neutral,” Pelosi elaborated. “If it’s going to bring in revenue, the president has been very clear that the higher-income people have to pay their fair share.”

Katrina Trinko — Katrina Trinko is a political reporter for National Review. Trinko is also a member of USA TODAY’S Board of Contributors, and her work has been published in various media outlets ...

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