Fiscal Cliff

White House Rejects GOP Fiscal Cliff Counter-Offer

It does not meet the "test of balance"

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WASHINGTON (AP) — The White House is rejecting a Republican counteroffer aimed at averting the "fiscal cliff," saying it does not meet what the White House calls "the test of balance."

White House communications director Dan Pfeiffer says the GOP proposal would lower tax rates for the wealthy and stick the middle class with the bill. He says the plan includes nothing new and provides no details on how it would achieve higher revenues.

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