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House GOP's Plan B Tax-Only Bill on Floor This Week House GOP's Plan B Tax-Only Bill on Floor This Week

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Congress

House GOP's Plan B Tax-Only Bill on Floor This Week

House Speaker John Boehner said the House would vote this week on a tax-only measure to keep rates low for most Americans.

  • Two congressional sources said the vote would probably be held on Thursday.
  • The tax-only measure is being called "Plan B" by Republicans and they are looking at it as an alternative to a broader plan that the speaker has been negotiating with the White House.
  • Talks between the White House and House Republicans have not yet yielded a broad deal, but the two sides have moved closer together in recent days.
  • One core question is whether Boehner can sell the Republican rank-and-file on any kind of broader deal with President Obama to avert the automatic tax hikes and spending cuts known as the fiscal cliff.

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