Here’s another reason the Democrats need Nancy Pelosi: She has the gumption to stand and fight for the middle-class. She told NPR today that she would brook no compromise on tax cuts for the wealthy. (h/t TPM):
“It’s too costly. It’s $700 billion,” Pelosi told NPR this morning. “One year would be around $70 billion. That’s a lot of money to give a tax cut at the high end. And I remind you that those tax cuts have been in effect for a very long time, they did not create jobs.”
Amen to that.
For those who insist that the Democrats ought to do what the American people want, as discerned by polls, well, the polls show the majority of Americans want the tax cuts for the wealthy to expire. The president ought to be willing to stand up and fight for that, too.
As the WaPo’s Eugene Robinson notes, from his book tour:
I’ve been hearing frustration at the willingness of Democrats to accommodate a Republican Party that refuses to give an inch. To progressives who may not understand the subtleties of inside-the-Beltway thinking, this looks like surrender.
Wednesday night, I gave a talk at Indiana State University. “You watch,” said a man in the audience, “the Democrats are going to cave on the tax cuts for the rich, just like they caved on everything else.”
Sure enough, on Thursday I awoke to read the Huffington Post’s interview with White House senior adviser David Axelrod, in which he appeared to signal that Obama – with great reluctance – might have to accept an extension of George W. Bush’s tax cuts for the wealthiest Americans after all. Otherwise, Republicans would continue to block the Democrats’ preferred course of action, which is to extend the full tax cuts only for those making less than $250,000 a year.