House Minority Leader Nancy Pelosi, D-Calif., told reporters at a press briefing Thursday that government must cut spending, and went on to tell reporters that “Tax cuts are spending.”
“So, when we talk about reducing spending, we certainly must, and we certainly have — $1.6 trillion in the previous Congress, $1.2 of it in the Budget Control Act,” said Pelosi as reported by CNSNews.
“But spending is also related to tax cuts. Tax cuts are spending. Tax expenditures, they are called. Subsidies for big oil, subsidies to send jobs overseas, breaks to send jobs overseas, breaks for corporate jets. They are called tax expenditures. Spending money on tax breaks.”
“And that’s the spending that we must curtail as well,” she said.