On “Face The Nation” this morning, House Minority Leader Nancy Pelosi said that Democrats’ wont relinquish their desire to raise tax revenues in the ongoing debate over the federal budget.
The California Democrat said that she isn’t interested in raising the income tax rate, but insisted that deductions for corporate America and upper income brackets should be “all on the table.”
She didn’t offer many specifics, however, when pressed by Bob Schieffer — merely reiterating that the discussion should be had and that loopholes should not be closed “at the expense of the middle class.”
One tax expenditure that Pelosi did single out was breaks for oil companies. She argued that they make no sense while the industry is seeing massive profits.