24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

House GOP Says it Has Votes for Plan B

As the House readies for an expected vote on an alternate plan, dubbed "Plan B," to avoid massive tax hikes on all income earners, House Majority Leader Eric Cantor, R-Va., said he is confident he will have enough support to pass their plan.

"We're going to have the votes," Cantor told reporters this morning.

"Plan B," a scaled-back measure that extends tax rates for everyone except those making $1 million, comes to the House floor at the unilateral direction of Republican leadership just days after it seemed talks between House Speaker John Boehner, R-Ohio, and President Obama were progressing to avert the so-called "fiscal cliff." Both sides offered major concessions to move toward compromise, but aides tell CBS News White House correspondent Major Garrett that Boehner didn't have enough support in his party to pass his proposal that included $1 trillion worth of revenue increases.

Source: CBS News. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement