December 18, 2012

White House rejects Boehner's 'Plan B'

The House speaker's measure would cancel tax increases due to take effect Jan. 1 on everyone earning $1 million or less.

Jim Kuhnhenn and Julie Pace / The Associated Press

WASHINGTON — The White House is rejecting House Speaker John Boehner's plan to push a backup tax bill as a way to deal with the "fiscal cliff."

click image to enlarge

Speaker of the House John Boehner, R-Ohio, arrives for a closed-door meeting with House Republicans as he negotiates with President Obama to avert the fiscal cliff, at the U.S. Capitol on Tuesday.

AP

In a statement, White House spokesman Jay Carney says Boehner's "Plan B" approach can't pass the Senate. And he says it does little to address the nation's fiscal challenges.

Unless the White House and Congress reach a deal, a series of tax increases and spending cuts begin taking effect on Jan. 1.

Boehner is calling for a separate bill to address only taxes. He wants lawmakers to extend tax cuts for people making up to $1 million.

Carney says the president is willing to continue working with Republicans to keep from going over the fiscal cliff.

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