Congress Thursday headed home, and isn't due back until mid-November. It left without acting on the Bush tax cuts, cuts that expire Dec. 31.
House Speaker Nancy Pelosi, D-Calif., has been defending the decision to put off consideration utnil after the November election. House of Representatives moderates have signaled they want all the cuts extended, at least for awhile. Pelosi, with White House support, only wants to extend those affecting individuals earning less than $200,000 and joint filers making less than $250,000.
At a Capitol Hill news conference, and again in an interview with PBS, she explained the decision to wait:
"It's a decision because the fact is our President got out there and talked about giving a tax cut to all Americans, but he does not agree that we should give an extra bonus to people making over $250,000 a year. They too will get a tax cut under President Obama's plan. We support that.
"Our members are fully prepared to go home and talk about what they support and it doesn't require a vote to take a position in it. So we feel we are very confident about the decisions that we have made, about the priorities in legislation that we had passed, health care reform for all Americans, improving quality, expanding coverage, lowering costs, Wall Street reform, the list goes on.
"Members are going home to talk about that but also to talk about the future, what is the choice, and one of those choices is, do we give a tax cut to everyone which creates jobs or do we give a tax cut, a bonus to the upper income which will only add to the deficit? We're not going to do that."