Bloomberg News

Republicans Said to Consider Spending Cuts in Bill

December 19, 2012

Barack Obama and John Boehner

The House may vote tomorrow on Boehner’s “Plan B,” which would raise tax rates on income over $1 million, rather than the $400,000 threshold the president proposed in his latest offer. Photographer: Saul Loeb/AFP via Getty Images

House Republican leaders are considering giving members a chance to vote on spending cuts to firm up support for House Speaker John Boehner’s tax measure, said a Republican lawmaker and a congressional aide who spoke on condition of anonymity.

In announcing his proposal yesterday to raise tax rates for income above $1 million, Boehner had said his plan wouldn’t reverse automatic spending cuts set to take effect in January.

Republican leaders are asking rank-and-file members today what they would support in order to pass Boehner’s plan, which he said would be brought up for a vote tomorrow.

Unless Congress acts, more than $600 billion in tax increases and spending cuts will begin next month.

To contact the reporters on this story: Roxana Tiron in Washington at rtiron@bloomberg.net; James Rowley in Washington at jarowley@bloomberg.net

To contact the editor responsible for this story: Jodi Schneider at jschneider50@bloomberg.net


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