Political Headlines December 18, 2012: Speaker John Boehner Suggests ‘Plan B’ to Avert Fiscal Cliff to House Republicans

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Boehner Suggests ‘Plan B’ to House Republicans

Source: ABC News Radio, 12-18-12

ABC/ Fred Watkins

House Speaker John Boehner told House Republicans Tuesday morning that even as he tries to strike a deal with the president to avert the fiscal cliff, he is also moving on a Plan B.

Boehner’s Plan B is essentially what ABC reported as the “Doomsday Plan” a couple weeks ago — the House would pass an extension of the Bush Tax cuts for everybody except the very rich.  In this case, Boehner’s proposal would allow the tax cuts to expire on everybody making more than $1 million. The White House would get nothing else — no debt ceiling increase, no unemployment extension.

This does not mean that Boehner is breaking off talks with Obama on a larger deal, but it is a fallback plan and a way to put some added pressure on the White House as Boehner seeks more concessions from Democrats on taxes and spending….READ MORE

White House press secretary Jay Carney released the following statement:

The President has put a balanced, reasonable proposal on the table that achieves significant deficit reduction and reflects real compromise by meeting the Republicans halfway on revenue and more than halfway on spending from where each side started.  That is the essence of compromise.  The parameters of a deal are clear, and the President is willing to continue to work with Republicans to reach a bipartisan solution that averts the fiscal cliff, protects the middle class, helps the economy, and puts our nation on a fiscally sustainable path.  But he is not willing to accept a deal that doesn’t ask enough of the very wealthiest in taxes and instead shifts the burden to the middle class and seniors.  The Speaker’s “Plan B” approach doesn’t meet this test because it can’t pass the Senate and therefore will not protect middle class families, and does little to address our fiscal challenges with zero spending cuts. The President is hopeful that both sides can work out remaining differences and reach a solution so we don’t miss the opportunity in front of us today.

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