House Speaker John Boehner arrives for a meeting with House Republicans on Tuesday.(Photo: J. Scott Applewhite, AP)
WASHINGTON -- With the "fiscal cliff" looming, House Speaker John
Boehner will tell fellow GOP lawmakers Tuesday that he wants to move
forward with a bill that will raise tax rates for Americans making more
the $1 million.
Plan B does not mean that Boehner has given up on
negotiations with the White House, but the speaker believes that the
threat of current tax rates expiring rising for all Americans is too
great not to have a backup plan, according to a congressional source who
was not authorized to speak on the issue.
"For weeks, Senate
Republicans - and a growing number of you - have been pushing for us to
pivot to a 'Plan B,'" Boehner will tell House Republicans, according to
excerpts of his remarks. "I think there's a better way. But the White
House just can't seem to bring itself to agree to a "balanced" approach,
and time is running short. Taxes are going up on everyone on Jan. 1.
They're baked into current law. And we have to stop whatever tax rate
increases we can. In the absence of an alternative, as of this morning, a
'modified Plan B' is the plan."
Boehner and Obama met on Monday.
After the meeting, persons familiar with the talks told the Associated
Press that the president was now seeking higher tax rates beginning at
incomes over $400,000 for couples, moving from his stance on the
campaign trail to let the George W. Bush-era tax rates expire on those
making more than $250,000.
"He talked about a 'balanced' approach
on the campaign trail," Boehner will tell the House Republican caucus.
"What the White House offered yesterday - $1.3 trillion in revenue for
only $850 billion in spending cuts - cannot be considered balanced.
We're going to keep the door open in hopes the president can find a way
to support a balanced approach."