House Speaker John Boehner Pulls “Plan B” on Fiscal Cliff after Failing to Get Enough Conservative GOP Support – 12/20/12

House Speaker John Boehner has pulled his “Plan B” from the House Floor tonight after failing to convince enough Republicans to support the bill. Conservatives opposed it because it caves to President Obama on raising tax rates:

CNN: House Speaker John Boehner’s proposal to avert the looming fiscal cliff’s automatic tax increases has failed to get enough Republican support, throwing yet another monkey wrench into the contentious debate.

Boehner said earlier Thursday that he was confident that his so-called Plan B — which would extend tax cuts that are set to expire at year’s end for most people while allowing rates to increase to 1990s levels on income over $1 million — would pass the House, and in the process put pressure on President Barack Obama and the Democratic-controlled Senate. But that gambit seemed in doubt Thursday, as Republican leaders struggled to get all their members to sign on, knowing the chamber’s Democrats oppose it.

GOP leaders could be seen working the House floor earlier Thursday, trying to convince their party colleagues. Sen. Rob Portman was one of them, telling reporters that he and other Republican senators had been asked to come over and make their pitch.

Around 8 p.m., House Majority Leader Eric Cantor announced that the measure would not go up for a vote as planned.

“The House did not take up the tax measure today because it did not have sufficient support from our members to pass,” Boehner said in a statement. “Now it is up to the president to work with Senator (Harry) Reid on legislation to avert the fiscal cliff.” . . . Read More

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