Pelosi: Raising Taxes Should Be Considered In ‘A Very Strong Way’

August 2, 2011 - 2:29 PM
“We don’t like the deal but it’s a done deal,” Minority Leader Pelosi said.

(CNSNews.com) – House Minority Leader Nancy Pelosi (D-Calif.) said that raising taxes must be considered by Congress in a “very strong way” going forward, adding that her caucus did not “like the deal” signed by President Barack Obama to cut federal spending and raise the nation’s debt limit.

“For the past few months, the American people – the people have wondered why are we talking about this debt rather than talking about jobs. We had the vote, we don’t like the deal but it’s a done deal. It’s time for us to completely focus on jobs,” Pelosi told reporters on Tuesday at the Capitol.

“We’re fooling ourselves if we ever think that one element on the table, whether it be cuts, is going to solve this. So if we’re serious as our caucus is about reducing the deficit, we have to go in there recognizing that some cuts will have to be made, that we can’t accomplish what we set out to do without considering revenues in a very strong way.”

The president signed the “Budget Control Act of 2011” into law on Tuesday which increases the nation’s debt limit by up to $2.4 trillion – the largest increase of the nation’s borrowing authority in history.