What if the code is absolutely terrible and needs to be scrapped ASAP?
"It's been difficult to add new features to the code base because it's grown so much and I think we need to consider a serious refactoring project. The best approach in my opinion is to take the lessons of the past and start over for X and Y reasons."
Will everyone agree with you? Maybe not. Will it work? Maybe it won't. But that's also true if you say "your code sucks," and you won't have to be bogged down in savage internecine code warfare.