House Majority Leader Eric Cantor said unequivocally Thursday that Speaker John Boehner’s fiscal cliff fallback plan would pass the lower chamber later in the day — at the same time his party’s leadership was working privately to shore up support. The so-called Plan B Boehner is pushing would extend tax rates for income below $1 million but force families making over that threshold to pay Clinton-era rates of nearly 40 percent. Late Wednesday night, Republican leaders incorporated a proposal to spare the Pentagon from looming spending cuts and shift the reductions to other agencies. Cantor, the No. 2 House Republican, said the plan is the “nation’s best option.”
Thursday, December 20, 2012
A given that it's dead in the Senate but this will make the the Democrats appear like the dictatorial obstructionists they truely are.
Posted by traderrob at 2:01 PM