Chamber of Commerce Backs Plan B

    House Speaker John Boehner of Ohio gestures during a news conference on Capitol Hill in Washington, Thursday, Dec. 13, 2012, where he accused President Barack Obama of not being serious about cutting government spending. Boehner is insisting that Obama wants far more in tax increases than spending reductions and appears willing to walk the economy "right up to the fiscal cliff."   (AP Photo/J. Scott Applewhite)

    J. Scott Applewhite/AP

    They know Plan B brings to mind birth control, right? John Boehner’s new fiscal backup tax plan has one important supporter: the U.S. Chamber of Commerce. The largest business lobby urged members to support the measure Thursday, stressing that it’s right to avoid the fiscal cliff, even if it isn’t perfect. "It does not address our excessive government spending, does not reform our unsustainable entitlement programs, and does not achieve fundamental comprehensive tax reform,” chief lobbyist R. Bruce Josten wrote. The so-called Plan B proposes to only hike tax rates on those making over $1 million per year, and to extend the current tax rates for the rest of Americans.

    Read it at The Hill