Political Headlines December 20, 2012: Speaker John Boehner Cancels House Vote on Plan B Option as Fiscal Cliff Talks Fall into Disarray

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Boehner Pulls Plan B Option as Fiscal Cliff Talks Fall into Disarray

Source: ABC News Radio, 12-21-12

TOBY JORRIN/AFP/Getty Images

In a surprise development late Thursday night, House Speaker John Boehner pulled his so-called “Plan B option” — an extension of current tax rates for Americans making up to $1 million a year — from the House floor, admitting that it did not have the support necessary to pass and leaving a resolution to the fiscal cliff in question.

“The House did not take up the tax measure today because it did not have sufficient support from our members to pass. Now it is up to the president to work with [Democratic Senate Majority Leader Harry] Reid on legislation to avert the fiscal cliff,” Boehner, R-Ohio, wrote in a statement. “The House has already passed legislation to stop all of the Jan. 1 tax rate increases and replace the sequester with responsible spending cuts that will begin to address our nation’s crippling debt. The Senate must now act.”…READ MORE

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Political Headlines December 20, 2012: Speaker John Boehner on Fiscal Cliff Impasse: ‘I Did My Part, They’ve Done Nothing’

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Boehner on Fiscal Cliff Impasse: ‘I Did My Part, They’ve Done Nothing’

Source: ABC News Radio, 12-20-12

Chip Somodevilla/Getty Images

While Senate Majority Leader Harry Reid said Thursday that the House’s Plan B option on the fiscal cliff is dead-on-arrival in the upper chamber, House Speaker John Boehner said he is “not convinced at all that when the bill passes the House today that it will die in the Senate.”

“Rather than tell us what they can’t do, maybe they should tell us what they can do,” Boehner, R-Ohio, said. “If Senate Democrats and the White House refuse to act, they’ll be responsible for the largest tax hike in American history.”

The speaker also called on Reid “to make sure that we have a vote” to address the fiscal cliff “before the Senate adjourns.”…READ MORE

Political Headlines December 20, 2012: House Majority Leader Eric Cantor Confident in Fiscal Cliff Plan B’s Passage as House Readies Vote

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Cantor Confident in Plan B’s Passage as House Readies Vote

Source: ABC News Radio, 12-20-12

Mark Wilson/Getty Images

House Majority Leader Eric Cantor says Republicans will move forward with a vote Thursday evening to pass Speaker of the House John Boehner’s so-called “Plan B” option — a permanent extension of the current tax rates for taxpayers making up to $1 million, while also replacing the first year of cuts in the sequester set to take effect on Jan. 2.

While Republicans voted months ago to replace the sequester and extend all of the current tax rates, Cantor, R-Va., said the votes Thursday will show Republicans are “taking concrete action to avoid the fiscal cliff.”

“Our members understand that the nation faces the largest tax increase in its history come January 1, 2013,” he said. “We protect 99.81 percent of American taxpayers from a tax increase in these very difficult economic times. We hope that the Senate will take this bill up along with the Spending Reduction Act and get the job done in lieu of or absent any kind of agreement coming from the White House.”…READ MORE

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