SEPARATE TRACK: House Speaker John Boehner said Tuesday that Republicans would march ahead with their own tax plan while he and President Barack Obama negotiate a broad deal on how to avoid the fiscal cliff.
SOUND LIKE A PLAN? Boehner's "Plan B" would extend soon-to-expire Bush-era tax cuts for everyone making less than $1 million. But it would not address $110 billion in across-the-board spending cuts also set for the Pentagon and domestic programs next year.
THUMBS DOWN: The plan was immediately rejected by the White House and Capitol Hill Democrats.
- Politics & Government
- Budget, Tax & Economy
- President Barack Obama