House Speaker John Boehner acknowledged Friday that too many GOP lawmakers saw his bill, which would have let tax cuts lapse for millionaires, as a tax hike. But the setback won't affect 'fiscal cliff' talks with Obama, he says.
Congressional leader John Boehner, R-Ohio, was unable to gain sufficient support to push through his 'Plan B' on Thursday. In order to avoid a recession, Boehner and President Obama aim to reach a deal before January.
Senate Republicans have proposed an alternate disaster relief plan for states affected by superstorm Sandy, which would use $23.8 billion- rather than President Obama's proposed $60.4 billion- to fund initial relief.
House Speaker John Boehner has joined Senate Minority Leader Mitch McConnell in signaling that the Bush-era tax cuts for 'millionaires and billionaires' – President Obama’s favorite campaign target for additional federal revenues – should be allowed to expire at year’s end.