Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Will Obama Cave on Taxes? Pelosi Weighs In
Posted
November 20, 2012
Views
33,186
Likes
833
Comments
327
Engagement
3.50%
November 20, 2012
33,186
833
327
3.50%
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6:11Now Playing"House Majority Whip Kevin McCarthy (R-Calif.) said Monday he saw a "possibility" that President Obama and House Minority Leader Nancy Pelosi (D-Calif.) are divided on whether tax rates on the top wage earners would need to rise in a proposed deal to avoid the "fiscal cliff."
Republicans said last week that they were willing to consider new "revenues," although they largely oppose raising tax rates for families making more than $250,000 per year. Instead, GOP lawmakers prefer to find new revenues by limiting deductions and close tax loopholes, enabling them to say they had kept overall tax rates unchanged."*
John Iadarola and Lisa Fergusson discuss with Jayar Jackson what Pelosi's comments mean. Will Obama go back on taxing the rich?
*Read more from Justin Sink/ The Hill:
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