Posted: Dec 19, 2012 1:28 PM
Source: Associated Press
WASHINGTON - As the country continues to creep closer to the so-called "fiscal cliff," House Speaker John Boehner is planning a vote on his backup proposal tomorrow.
"Plan B," as it's called, would block tax increases from being triggered Jan. 1 on everyone but those whose incomes exceed $1 million. Boehner is hoping it will put more pressure on President Barack Obama to make concessions.
The president, however, is dismissing Boehner's proposal. He says it would not provide jobless insurance for 2 million out-of-work Americans and would result in higher taxes for families that benefit from various tax credits. The president told reporters at the White House that lawmakers should "peel off the partisan war paint" and strike a deal.
A Boehner spokesman says White House opposition to the GOP backup plan "is growing more bizarre and irrational by the day."
Plan B received a boost today when anti-tax activist Grover Norquist said the measure would not violate his anti-tax pledge, which most GOP members of Congress have signed.