Despite perhaps the worst economic downturn since the Great Depression, House Speaker Nancy Pelosi still wants Barack Obama to raise taxes. She wants the immediate repeal of the Bush tax cuts for higher income Americans. Here is what she told the WaPo: "Put me down as clearly as you possibly can as one who wants to have those tax cuts for the wealthiest in America repealed." Duly noted.
One my favorite Capitol Hill observers puts it this way: "I think the biggest development is that key Dem Senators are telling Obama not to move forward on the tax cut that he proposed and campaigned on for the past 18 months! ... My summary of yesterday: No tax cuts, more government spending, and raise taxes now. That's a major turn of events if it plays out. "

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