Tuesday, December 11, 2012 12:21 pm
Pelosi calls for vote on extending most tax cuts
The Associated Press
In remarks on the floor of the House, she predicted the legislation would pass.
Rebutting remarks that Speaker John Boehner made moments earlier, the California Democrat said Obama and Democrats have in fact identified spending cuts they can support as part of a balanced plan to avert a "fiscal cliff" that threatens to send the economy into another recession.
Without action by Congress, tax cuts will expire on all income levels and government funding for numerous programs will be cut at the end of the year.