Fiscal Cliff Notes for Dec. 21, 2012
10 days to the fiscal cliff
BREAKING NEWS: BOEHNER PRESS CONFERENCE FRIDAY AT 10 A.M. EST
FORCED TO DROP HIS "PLAN B" THURSDAY NIGHT FOR LACK OF GOP VOTES
House Speaker John Boehner (R-Ohio) sent House members home for Christmas late Thursday night after he was forced to drop his "Plan B" fiscal cliff plan--for lack of GOP votes. That is, Boehner could not most of his members to go along with his proposal, which includes letting tax hikes rise for the few hundred thousand among us with household income about $1 million.
After Boehner pulled the plug he said in a statement, ""The House did not take up the tax measure today because it did not have sufficient support from our members to pass. Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff. The House has already passed legislation to stop all of the January 1 tax rate increases and replace the sequester with responsible spending cuts that will begin to address our nation's crippling debt. The Senate must now act."
The White House said in a statement released Thursday night after Boehner threw in the towel, "The President's main priority is to ensure that taxes don't go up on 98 percent of Americans and 97 percent of small businesses in just a few short days. The President will work with Congress to get this done and we are hopeful that we will be able to find a bipartisan solution quickly that protects the middle class and our economy."
Mary Kay Henry, President of the Service Employees International Union (SEIU), not surprisingly hit at the GOP in a statement,"Tonight, House Republicans showed their true colors. First they voted to slash funding for Medicaid, child care and other vital services. Then they refused to ask even the wealthiest Americans to pay their fair share. House Republicans are willing to allow middle class taxes to increase in order to protect tax breaks for millionaires. All Americans should stand together and hold these Members of Congress accountable."
But some Democratic House members still may have to vote on cuts they would rather avoid, which brings me to...
Even if the House passed Boehner's backup plan, the Democratic-controlled Senate would not have backed the measure. So...what's next.....would Boehner go along with a plan to release about 30 Republicans to vote for a plan that would pass with mainly Democratic votes?
The Senate returns on Dec. 27. House members were told they would get a 48-hour notice to return to Washington.