Reid: Boehner Fiscal Cliff Plan Can't Pass Senate

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Tuesday, December 18, 2012

Senate Majority Leader Harry Reid says a House Republican backup plan for avoiding the "fiscal cliff" can't pass the Democratic-run Senate.

House Speaker John Boehner said Tuesday that he was preparing a backup plan for averting the "fiscal cliff" if President Barack Obama fails to agree to a compromise that is evenly balanced between tax increases and spending cuts. Boehner's backup plan would continue tax cuts for people earning $1 million or less, but allow tax increases on those earning more than that. Still, the Ohio Republican said his talks with Obama will continue.

Without an agreement, taxes will rise for nearly every American on Jan. 1 and wide-ranging spending cuts will also begin taking effect.

Reid said Boehner should focus on negotiations and not succumb to tea party pressure.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 183960171 - kake.com/a?a=183960171
Gray Television, Inc.