Fiscal cliff talks hit snag with Boehner’s ‘Plan B’
WASHINGTON – Just two weeks from an economy-threatening deadline, fiscal cliff talks hit a lull Tuesday as House Speaker John Boehner announced that Republicans would also march ahead with their own tax plan on a separate track from the one he’s been pursuing with President Barack Obama.
The White House and leading congressional Democrats immediately rejected Boehner’s “Plan B,” which would extend soon-to-expire Bush-era tax cuts for everyone making less than $1 million but would not address huge across-the-board spending cuts that are set to strike the Pentagon and domestic programs next year.
“Everyone should understand Boehner’s proposal will not pass the Senate,” said Senate Majority Leader Harry Reid, D-Nev.
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