Obama & Pelosi indicate she and the republicrats in her caucus are willing to throw the poor and middle class under the bus to protect the rich.

Nancy Pelosi Predicts 'Democrats Will Stick With The President' On Fiscal Cliff Deal 

 Sam Stein
Amanda Terkel

 

House Minority Leader Nancy Pelosi (D-Calif.) said she expects Democrats to back President Barack Obama's fiscal cliff deal. (AP Photo/J. Scott Applewhite, File)

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) is convinced her fellow Democrats will get behind the White House's latest "fiscal cliff" deal that cuts Social Security benefits and increases taxes on the middle class. Others in the party, however, hedged on the likelihood of that provision passing with a majority of Democratic votes.

President Barack Obama's latest offer in the fiscal cliff negotiations would allow the payroll tax holiday to expire, meaning middle-class workers will see smaller paychecks in 2013. It also proposes a Social Security reform known as "chained CPI" that would reduce the benefits senior citizens receive through Social Security.

Additionally, Obama's latest offer would permanently extend the Bush tax cuts for incomes of less than $400,000. Previously, the president had insisted that taxes increase on families with income above $250,000.

Despite these changes, Pelosi said she could convince her caucus to get behind such a plan, if need be.

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