(Source: The New Yorker, December 20, 2012)
NEW YORK — On Thursday evening (December 20), John Boehner unexpectedly called off the vote on Plan B because he didn’t have enough votes to pass the measure. Some ultra-conservative House Republicans balked at supporting an increase in tax rates even for those earning a million dollars a year or more. Others disliked the bill because it didn’t include any spending cuts. Virtually no GOP members opposed Plan B on the grounds that it was too regressive. Where this humiliating setback for Boehner leaves the negotiations with the White House was unclear. “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.]
Full story: The New Yorker