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Boehner Drops “Fiscal Cliff” Plan over Lack of GOP Support

HeadlineDec 21, 2012

House Speaker John Boehner has failed to gather enough support from his own party to pass his purported “Plan B” aimed at forcing concessions from President Obama over the so-called fiscal cliff. Boehner’s plan would have extended Bush-era tax cuts for virtually everyone except those earning $1 million a year or more. That’s far higher than the $250,000 income threshold long sought by President Obama. Obama floated a compromise at $400,000 earlier this week and has also offered to cut his revenue target and allow curbs on so-called entitlements like Social Security.

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