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ECONOMICS

Boehner Pulls Plan B Bill

Sites lack of support.

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Olivier Douliery, Pool / Getty Images

A vote on Speaker John Boehner’s “Plan B” tax plan was abruptly pulled from a vote on the floor Thursday night. Boehner’s plan would have prevented tax hikes on all but those making more than $1 million a year, and would have extended the current tax rates for the rest of Americans. The White House has said that President Obama will veto the measure, and Senate Majority Leader Harry Reid said the GOP has “wasted an entire week on a number of pointless political stunts.” GOP Leaders cited a lack of support for the bill as the reason it was pulled.

Read it at New York Times

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