Pelosi rules out budget deal without new tax revenues
October 30th, 2013
04:04 PM ET
9 months ago

Pelosi rules out budget deal without new tax revenues

Washington (CNN) - House Democratic leader Nancy Pelosi is ruling out any budget deal that does not include new tax revenues.

She was responding to a report on Wednesday in the Wall Street Journal that said President Barack Obama has signaled he wouldn’t insist on that condition.

"Our position is that we are going to the table in order to reduce the deficit, grow the economy, create jobs, end the sequester - revenue needs to be on the table," Pelosi said when asked by CNN about the report.

The article said Obama indicated in discussions with Senate Republicans that he could support a proposal to eliminate some of the forced sequester spending cuts, even if they were paid for without tax increases. Senate Republicans suggested the President was open to using savings from changes to entitlement programs, such as agriculture subsidies.

For the first time in four years a bicameral bipartisan budget conference committee met Wednesday to work on a fiscal blueprint to address federal spending levels.

Pelosi argued any proposal addressing the budget has to be comprehensive.

"If you're not going to have revenue who's going to pay? Granny on Medicare? That's not something we can accept," Pelosi said.

She isn't the only top Democrat closing the door on a fiscal deal without new revenues.

Senate Majority Leader Harry Reid was asked on Tuesday if he would consider such an agreement and he said, "No."

The budget committee session in the Capitol lasted two and a half hours, but the meeting consisted mostly of House and Senate members on the panel restating their positions.

Many of them urged Congress to compromise, but there was no back and forth about any potential agreement.

The chairman of the panel, House Budget Committee Chairman Paul Ryan, announced the committee won't meet in another open session for two weeks, stating that both chambers aren't scheduled to be in Washington at the same time until then.


Filed under: Congress • Nancy Pelosi
soundoff (55 Responses)
  1. Data Driven

    @Sniffit, (and DM4O and Lynda),

    "This is about as dishonest as I've ever seen CNN."

    Well hey, Humana and United Health are paying CNN big money for these stories.

    This network is jumping the shark. They've gone completely right-wing. While I don't hang out on echo chambers like Kos, I also don't like CONTRIBUTING to RWNJ sites.

    October 30, 2013 05:47 pm at 5:47 pm |
  2. Sniffit

    " and more people every day are not happy"

    The ACA's popularity has gone up several points since the rollout. It's not deniable. We can debate why that occurred all day long if you'd like, but the raw numbers show an increase in it's popularity since October 1st, not a decrease. (So sorry "Me," but no, "smith" was not truthful).

    October 30, 2013 05:47 pm at 5:47 pm |
  3. Data Driven

    @Me,

    don't recall the article stating she started it, but fact is she said it and that is what is important"

    And what of Ryan's intransigence on taxes?

    October 30, 2013 05:49 pm at 5:49 pm |
  4. A True Conservative

    YES! – raise taxes on everybody but me....great idea! The Dems are really sticking up for the little guy – they keep pushing raise taxes on the evil rich so they can give me more free stuff!!

    October 30, 2013 05:49 pm at 5:49 pm |
  5. rs

    The government should all be fired and get some people who really care about the american people in office.
    _________________________
    Great Maureen- please let us all know what the GOP's plan is in place of the ACA is, or what specific recommendations they have to fix the ACA.

    I believe the GOP plan is- die fast.

    October 30, 2013 05:50 pm at 5:50 pm |
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