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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