House Minority Leader Nancy Pelosi (D.-Calif.) said on ABC’s “This Week”on Sunday that there can be no deal to avert the so-called “fiscal cliff” the federal government faces at the end of the year unless congressional Republicans agree to increase income-tax rates on higher income earners.
However, a majority of the current House of Representatives and a majority of the newly elected House that will convene in January have pledged to the American people that they will not raise the tax rates.
ABC’s Martha Raddatz asked Pelosi: “Could you accept a deal that does not include tax rate increases for the wealthy? We have 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?
“No,” said Pelosi.
Asked Raddatz: “Not at all? No way?”
“Well, no,” said Pelosi.
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