Earlier this evening the House passed the first part of “Plan B” which deals with spending cuts and cuts to the military. They were supposed to vote later on the second part dealing with taxes. That bill would have left current tax rates in place for all taxpayers making under $1 million per year, but it never made it to a vote because of a lack of support for the bill.
The House called off a vote Thursday evening on House Speaker John A. Boehner’s plan to extend tax cuts on income up to $1 million — known as Plan B — because he could not muster enough votes from fellow Republicans to pass the measure.
“Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff,” a statement from Boehner’s office said. “The House has already passed legislation to stop all of the January 1 tax rate increases and replace the sequester with responsible spending cuts that will begin to address our nation’s crippling debt. The Senate must now act.”
The move leaves unclear the next step in the negotiations over the fiscal cliff set to hit the country’s economy on the first of the new year.
The scheduled vote on the plan had been abruptly delayed earlier Thursday evening. Instead, top House Republicans convened a meeting in Boehner’s office, located just off the Rotunda, where the general public and lawmakers continue paying their respects to the late Sen. Daniel Inouye (D-Hawaii).
That meeting ended around 8 p.m with Boehner’s office reporting that the House did not take up the measure “because it did not have sufficient support from our members to pass.”
Whether the House passed it or not doesn’t really matter, as Harry Reid said he would refuse to bring it for a vote in the Senate and Obama said he’d veto it. They want to take us over the cliff.
Oh, I almost forgot. The IRS is warning lawmakers that if they don’t resolve things in the next few days, and pass an ATM patch that millions of Americans won’t even be able to file their taxes until at least March, if not later.