Tags: Fiscal Cliff | Reid

Reid: Boehner Fiscal Cliff Plan Can't Pass Senate

Tuesday, 18 Dec 2012 11:24 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Senate Majority Leader Harry Reid says a House Republican backup plan for avoiding the "fiscal cliff" can't pass the Democratic-run Senate.

House Speaker John Boehner said Tuesday that he was preparing a backup plan for averting the "fiscal cliff" if President Barack Obama fails to agree to a compromise that is evenly balanced between tax increases and spending cuts. Boehner's backup plan would continue tax cuts for people earning $1 million or less, but allow tax increases on those earning more than that. Still, the Ohio Republican said his talks with Obama will continue.

Without an agreement, taxes will rise for nearly every American on Jan. 1 and wide-ranging spending cuts will also begin taking effect.

Reid said Boehner should focus on negotiations and not succumb to tea party pressure.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Goldman, US Agency in Mortgage Settlement Worth $1.2 Billion

Friday, 22 Aug 2014 21:30 PM

Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie . . .

Cop Who Pushed CNN Anchor in Ferguson Suspended Over Racist Speech

Friday, 22 Aug 2014 21:41 PM

A St. Louis County police officer who pushed back a CNN anchor during a live broadcast from Ferguson, Missouri, this wee . . .

Kudlow: Obama Using 'Left-wing Populist Tricks and Class Warfare'

Friday, 22 Aug 2014 19:08 PM

Badly behind in the polls, Team Obama is resorting to its old left-wing populist tricks, says renowned economist and CNB . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved