Even if this had passed, Reid would never have allowed it to come up for a vote in the Senate, and Obama had promised to veto it.
NO MORE NEGOTIATIONS. Â Make the Democrats OWN THE CONSEQUENCES!
A defection of conservative Republicans forced House Speaker John Boehner to abandon his final-hour plan to block automatic tax increases, leaving taxpayers hanging on the edge of the fiscal cliff that is scheduled to crumble on Jan. 1.
â€œThe House did not take up the tax measure today because it did not have sufficient support from our members to pass,â€ Boehner said in statement Thursday night after cancelling the vote and sending members home for the Christmas holiday.
â€œNow it is up to the president to work with Sen. (Harry) Reid on legislation to avert the fiscal cliff,â€ Boehner said.
The collapse was announced shortly after an emergency GOP conference was called at 7:45 p.m. to count votes and twist arms, just moments before the legislation wasÂ to be debated on the House floor.
The bill is referred to as â€œPlan Bâ€ and would have averted an automatic tax increase for families making less than $1 million a year but raised tax rates for those making more than $1 million.
A second bill to block military and domestic spending cuts that are part of sequestration narrowly passed Thursday on a vote of 215 to 209 with no Democratic support and 21 Republicans voting no.
Senate Majority Leader Harry Reid (D-Nev.) said the â€œPlan Bâ€ bill would have been dead on arrival in the upper chamber. The plan was offered by Boehner (R-Ohio) after failed negotiations with President Barack Obama to avert the tax hikes and spending cuts.
Without a deal, taxes are on autopilot to increase $4.6 trillion over the next decade along with $1.2 trillion in cuts across the board.
Knowing that the Democrats won’t budge towards a compromise, David Harsanyi wants to know, “What’s Plan C?” Â Good question.