U.S. House Minority Leader Nancy Pelosi (D-CA) attributed Republicans’ exit from deficit talks to their refusal to budge on tax cuts and said their intransigence on the issue threatened to derail a deal.
Pelosi and Rep. Chris Van Hollen (D-MD), the ranking member of the Budget Committee, said at a press conference that they were told of Cantor’s exit only after they left a morning meeting at the White House on the debt ceiling vote.
“We left the meeting to find that Leader Cantor had walked out of the meetings….because Democrats want to raise taxes,” Pelosi said. “Yes, we do want to remove tax subsidies from big oil, we want to remove tax breaks from corporations that send jobs overseas. That list goes on.”