December 21st, 2012
01:44 PM ET

GOP disarray jeopardizes fiscal cliff deal

[Updated at 1:44 p.m. ET] House Speaker John Boehner said at a news conference Friday morning that his Republican colleagues refused to back his Plan B fiscal cliff bill because of what he called unfounded fears of being blamed for a tax increase.

"They weren't taking it out on me," he told reporters. "They were dealing with the perception that somebody might accuse them of raising taxes."

Boehner on Thursday dropped plans to bring the bill to a vote after it became clear that it didn't have enough support from members of his party. This leaves negotiations in limbo Friday 11 days before automatic tax increases on everyone.

[Initial post, 8:43 a.m. ET] House Speaker John Boehner will hold a news conference in Washington Friday morning, a day after fellow Republicans effectively scuttled his proposal to avert the looming fiscal cliff's automatic tax increases.

Boehner wanted to pass his Plan B fiscal cliff bill which would have extended tax cuts that are set to expire at year's end for most people while allowing rates to increase to 1990s levels on income over $1 million this week, before members of Congress went home for the holiday.

But it didn't come up for a vote, because House GOP leaders learned that they couldn't get enough of their fellow Republicans to sign on.

What this means next in the fiscal cliff talks is unclear. From here, scenarios range from intensified and ultimately successful talks in the coming days or entrenchment as the fiscal cliff becomes a reality next year, when a new Congress could enter negotiations with Obama.

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soundoff (84 Responses)
  1. chrissy

    Cuz you know that old saying? If it walks like a duck, and quacks like a duck, by GOD it MUST be a duck!

    December 23, 2012 at 9:23 pm | Report abuse | Reply
  2. chrissy

    And i know this next comment is really only relavant to the previous thread, the post of Jay Leno on crack one, but someone here is reminding me of Archie Bunker on crack now! Can you guess who @ banasy? Lmao!

    December 23, 2012 at 9:33 pm | Report abuse | Reply
    • banasy©

      So much hate, bundled up in a little ball of furry nothingness.

      December 23, 2012 at 9:36 pm | Report abuse |
  3. banasy©

    Um, thanks, Santa.
    You know what I want, don't you?
    Ask Mrs. Claus. She knows, LOL.

    December 23, 2012 at 9:55 pm | Report abuse | Reply
  4. chrissy

    Lol @ Santa, ty! But please, no furry little creatures ok? Im not liking them very much these days! They are awfully obnoxious and way to time consuming!

    December 23, 2012 at 9:55 pm | Report abuse | Reply
  5. chrissy

    Wow! I was blocked from saying that R-word! Hmmm waddup wit dat @ cnn???

    December 23, 2012 at 10:06 pm | Report abuse | Reply
  6. TvNyC

    As much as 250 billion or more the government loses in taxes because people overfile their tax exemptions. They should monitor this on a daily basis with a computer model for each individual. Secondly, anyone who.makes more than half of million or.more should be paying a substantial amount. Lets set a tax bracket for anyone making half a million or more doesnt matter if its capital gain tax or income tax. These people need to pay a higher tax. Lets pay attention to all classes how much they file so the IRS can save up to a 250 million a year. for each extra 100k Pay an extra half percent is increased until it gets to 50% tax return. So if you make 500k and you get taxed at say 20%, youll get taxed 100k flat, but if you a million you'll get taxed 275k.. You can live off 725k per year, I dont care who you are. People are suffering and this needs to be done. Cut on government unnecessary spending. There are plenty of things we can save. So if you make 2million your paying a million in

    December 24, 2012 at 11:15 am | Report abuse | Reply
  7. chrissy

    Lol @ TvNyC, dude you need to run either for the senate or as a state rep! And why is it common citizens can figure this out but the government cant? Cut out the perks from Congress and you could save a fortune! Everyone else has to pay their own transportation expenses to work and for their own food why shouldnt they? And hourly wages might be a better thing too since they are off more than on.

    December 24, 2012 at 9:28 pm | Report abuse | Reply
  8. chrissy

    So, does anyone know is this circus resumming tomorrow? Or are they taking the rest ofthe year off for bad behavior?

    December 25, 2012 at 7:39 pm | Report abuse | Reply
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