ROSE: And you have to let the Bush tax cuts that might have benefited the middle class die, even though it came from a Republican president.
PELOSI: Well, I’m for definitely letting die the tax cuts for people making over a million dollars a year.
ROSE: Talking about the middle class tax cuts. That’s not what they mean by that.
PELOSI: I’m talking about the high end. I’m talking about the high end.
ROSE: What about the middle?
PELOSI: You can make a judgment about that.
ROSE: You’re not prepared to say they shouldn’t be continued?
PELOSI: In our caucus, there is a school of thought that says let’s get rid of all the tax cuts.
ROSE: And the former Speaker of the House says?
PELOSI: I say, let’s begin by getting rid of tax cuts for people making more than a million dollars a year. I’m not even saying $250,000. The president’s saying $250,000. A million and above. Who can argue with that?
ROSE: That’s what Buffett suggested.
PELOSI: Is that what he suggested?
ROSE: Well, in part. Looking at a whole different tax structure. People making more than a million.
PELOSI: Well, people making more than a million should not be getting these Bush tax cuts. We should go back to the Clinton tax rates. We had a very prosperous economy at the time.