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Pelosi: Republicans Are "Hostage Taking" Over Fiscal Cliff

NANCY PELOSI: The Republicans are saying that rather than passing that, they want to hold it hostage to giving an additional tax cut to people making over $250,000 a year. That’s not negotiating, that’s hostage taking. So, today on the floor of the House, the Democrats have proposed a discharge petition, which if it receives 218 signatures, that's only a couple dozen Republicans joining the Democrats, would automatically come to the floor. And I predict would receive the overwhelming support of the House of Representatives.

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