House Speaker Nancy Pelosi — who, as we’ve reported, has not been a fan of the so-called “Cadillac tax” — today threw her support behind the deal reached by the White House and the unions on the tax.
“There are absolutely no sticking points,” she said today, according to a transcript released by her office. “I would say two words, three words would be: finding common ground.”
She admitted that the Cadillac tax, or excise tax, had originally been “overwhelmingly rejected” by the House.But, she said, “We received the good news that there had been some accommodation arrived at by the White House because this was something the President wants to have in the bill in principle and he will.”
“I think the principle is preserved but working families and middle class in our country will not feel the negative impact that we feared,” Pelosi went on, adding, “That was very well received by our members.”