News from The Hill:
Boehner moves to Plan B
By Erik Wasson
Speaker John Boehner told his conference on Tuesday he will move to a Plan B in fiscal cliff talks with the White House that would raise tax rates on annual income above $1 million.
Boehner (R-Ohio) announced the plan to his conference behind closed doors after a flurry of negotiations with President Obama that made it appear the two sides were moving closer to a deal.
Boehner is not cutting off talks with Obama and told members his “Plan B” is less than ideal.
But he told members that with time dwindling before massive tax increases on all taxpayers occur in January, the House must also have a back-up plan.
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- Obama, Boehner Move Closer on Taxes (fox8.com)
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- John Boehner caves again – Tea Party Nation (gds44.wordpress.com)
- AP sources: New Obama offer moves toward Boehner (kfwbam.com)
- Boehner Tax Stance Shows Reluctance to Give In Too Soon (bloomberg.com)
- John Boehner: Raise Taxes on the Rich (cnsnews.com)
