(Image source: Office of the Speaker of the House)

BY CHRISTINA HARTMAN

The GOP’s “Plan B” won’t face a vote after all. In what Politico is characterizing as a “major setback” for House Speaker John Boehner, House Republicans unexpectedly abandoned a planned vote Thursday night.

“Plan B” as it’s called is House Speaker John Boehner’s alternative plan to avoid across-the-board tax hikes kicking in once the Bush-era tax cuts expire.

Thursday morning House Majority Leader Eric Cantor told reporters Republicans DID have the votes to pass their plan. (VIA C-SPAN)

But as it turns out there were NOT enough votes — developments conservative blog Hot Air called “embarrassing” for the GOP.

And splashed across the front page of The Huffington Post — “End of the World” along with a picture of a somber Speaker Boehner.

Plan B would have Extended tax cuts for income under $1 million and allowed tax rate hikes for income over $1 million.

For the longest time Republicans refused to allow ANYONE’S taxes to go up. That as President Obama demanded rates go up for those families making more than $250,000 a year.

Earlier this week President Obama upped that cut-off to $400,000, closer to Boehner’s plan, but both sides remained at an impasse.

In a statement about the pulling of the bill, Speaker Boehner said: “Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff.”

No more action on the fiscal cliff is expected until after Christmas. President Obama and Speaker Boehner had vowed to come to a deal by the New Year, but with time running especially short, pessimism is rampant on both sides of the aisle.

Boehner's Plan B Scrapped

by Christina Hartman
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Transcript
Dec 20, 2012

Boehner's Plan B Scrapped

(Image source: Office of the Speaker of the House)

BY CHRISTINA HARTMAN

The GOP’s “Plan B” won’t face a vote after all. In what Politico is characterizing as a “major setback” for House Speaker John Boehner, House Republicans unexpectedly abandoned a planned vote Thursday night.

“Plan B” as it’s called is House Speaker John Boehner’s alternative plan to avoid across-the-board tax hikes kicking in once the Bush-era tax cuts expire.

Thursday morning House Majority Leader Eric Cantor told reporters Republicans DID have the votes to pass their plan. (VIA C-SPAN)

But as it turns out there were NOT enough votes — developments conservative blog Hot Air called “embarrassing” for the GOP.

And splashed across the front page of The Huffington Post — “End of the World” along with a picture of a somber Speaker Boehner.

Plan B would have Extended tax cuts for income under $1 million and allowed tax rate hikes for income over $1 million.

For the longest time Republicans refused to allow ANYONE’S taxes to go up. That as President Obama demanded rates go up for those families making more than $250,000 a year.

Earlier this week President Obama upped that cut-off to $400,000, closer to Boehner’s plan, but both sides remained at an impasse.

In a statement about the pulling of the bill, Speaker Boehner said: “Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff.”

No more action on the fiscal cliff is expected until after Christmas. President Obama and Speaker Boehner had vowed to come to a deal by the New Year, but with time running especially short, pessimism is rampant on both sides of the aisle.

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