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Boehner to GOP: Prepare for 'Plan B' on cliff

Posted By -NO AUTHOR- On 12/18/2012 @ 10:41 am In Front Page,Money,Politics,U.S. | No Comments

(NATIONAL JOURNAL) House Speaker John Boehner told rank-and-file Republicans that they should consider a “Plan B” on how to avert automatic tax increases and spending cuts known as the fiscal cliff.

House leadership sources say the option would be for the chamber to pass a plan letting top tax rates increase on income over $1 million only.

The House would then send that bill, along with a House-passed bill extending the current tax rates enacted under former President George W. Bush for everyone, and leave it up to the Senate to decide.

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