Tags: Fiscal Cliff

House GOP Plans Vote on Fiscal Cliff 'Plan B'

Thursday, 20 Dec 2012 06:29 AM

 

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

The GOP-controlled House is moving ahead Thursday on a bill that would raise taxes on people earning over $1 million a year, sparing most workers from a tax hike but leaving in place painful budget cuts to the military and domestic agencies as "fiscal cliff" talks appear stalled.

The move, dubbed "Plan B" by Republican House Speaker John Boehner, seems to be aimed at upping the year-end pressure on Capitol Hill Democrats and President Barack Obama, but it looks to be a dead letter in the Senate and earned a White House veto threat Wednesday.

A supremely confident Obama dismissed Plan B in a Wednesday news conference, telling reporters he and Boehner were just a few hundred billion dollars apart on a 10-year, $2 trillion-plus deficit-cutting pact.

© 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 This material may not be published, broadcast, rewritten or redistributed.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
>> 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:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US Plans Military Exercise in Poland to Reassure Allies Over Russia

Saturday, 19 Apr 2014 11:24 AM

The Obama administration is planning land-force exercises in Poland and Estonia in hopes of reassuring NATO's Eastern Eu . . .

4 French Journalists Held Hostage in Syria Freed

Saturday, 19 Apr 2014 10:33 AM

France's presidential palace says four French journalists held hostage in Syria since June have been released.President  . . .

Lamar Alexander: GOP Wants to Be 'the iPhone Party'

Saturday, 19 Apr 2014 09:45 AM

Government should enable Americans to succeed, not pass mandates to control them, Tennessee Republican Sen. Lamar Alexan . . .

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