Boehner proposes backup plan to avert "fiscal cliff"

With negotiations on a comprehensive deal to avert the "fiscal cliff" moving slowly, House Speaker John Boehner, R-Ohio, called for a backup plan that would extend Bush-era tax cuts for Americans with incomes of up to $1 million a year. The "Plan B" would allow automatic cuts in domestic and military spending to go forward in January. White House aides rejected Boehner's suggestion but said they are optimistic a broad compromise can be achieved.

View Full Article in:

Washington Post, The · Reuters · New York Times (tiered subscription model), The

Published in Briefs: