Pelosi: No Fiscal Cliff Deal Without Tax Rate Hike for Wealthy

House Democratic Leader Nancy Pelosi expresses optimism for striking a deal.
3:00 | 11/16/12

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Transcript for Pelosi: No Fiscal Cliff Deal Without Tax Rate Hike for Wealthy
At the stared at that table was one of everybody wants to make the best effort to get this done. Hopefully that is possible hopefully it is possible. By the middle of December so the confidence of the markets and most importantly the confidence. -- -- consumers. Returns to infuse our economy would demand and which creates jobs. It's would you accept a deal but does not include tax rate increases for the wealthy. We've seen talk about a possible compromise that would leave rates the same but cap deductions for high income earners. That's something that's except more. Not enough. Now -- -- -- just a close loopholes as far too little money. It's an problem and it could be they have said they wanted to be revenue neutral. If it's going to -- and bring in revenue in the president's been -- clear. That the higher income people have to pay their fair share.

This transcript has been automatically generated and may not be 100% accurate.

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