WNYT.com

News Summary: Boehner to pursue ’Plan B’ on taxes

Updated at: 12/18/2012 7:06 PM
By The Associated Press

SEPARATE TRACK: House Speaker John Boehner said Tuesday that Republicans would march ahead with their own tax plan while he and President Barack Obama negotiate a broad deal on how to avoid the fiscal cliff.

SOUND LIKE A PLAN? Boehner’s "Plan B" would extend soon-to-expire Bush-era tax cuts for everyone making less than $1 million. But it would not address $110 billion in across-the-board spending cuts also set for the Pentagon and domestic programs next year.

THUMBS DOWN: The plan was immediately rejected by the White House and Capitol Hill Democrats.

(Copyright 2012 by The Associated Press. All Rights Reserved.)