House Minority Leader Nancy Pelosi (D-Calif.) on Wednesday repeated her frustration with Speaker John A. Boehner’s plan to raise tax rates only for Americans earning more than $1 million annually.
At a hastily-arranged news conference, Pelosi said Boehner’s Plan B “takes us over the cliff: It does not avoid sequestration; it does not end the possibility that our credit rating will be downgraded; it does not create jobs; it does not instill confidence in consumers; and it does not provide us with the down payment that we are told is necessary to instill that confidence.”
She reiterated White House projections that the wealthy people who would benefit from the Boehner proposal would enjoy a roughly $50,000 annual tax cut, which also falls short of revenue goals set by President Obama.
"I don’t know what the speaker is trying to prove” by holding a vote on the plan, Pelosi said later.
Boehner gave very brief remarks earlier in the afternoon, demanding that President Obama "get serious."