WASHINGTON (Reuters) - House Speaker John Boehner's backup plan that would simply extend low income tax rates for households with incomes below $1 million a year "cannot pass both houses of Congress," Senate Majority Leader Harry Reid said on Tuesday.
Reid, a Democrat, said Boehner instead should focus on reaching a broad deficit-reduction deal with President Barack Obama. "Now is the time to show leadership, not kick the can down the road," Reid said.
Last July, Reid's Democrats passed a bill in the Senate that would have continued low tax rates, which are set to expire on December 31, for families with net incomes below $250,000.
(Reporting by Richard Cowan)
Suspect in Custody After Shooting at Colorado Springs Planned Parenthood UPDATE: Three People Have Died, Shooter Identified | Christine Rousselle
- What Is Your U.S. Income Percentile Ranking?
The Myth of "4 Million Conservative Voters Stayed Home in 2012" | RedState
Importing Terrorism and Other American Values | Human Events
John Hawkins - 15 Excerpts That Show How Radical, Weird And Out of Touch College Campuses Have Become
Colorado Springs police confirm ID of Planned Parenthood shooting suspect; Mugshot released
An endorsement for #BlackLivesMatter to shut down all commerce in all cities
S.C. Woman Outdraws, Outshoots, And Kills CraigsList Robber - Bearing Arms - Guns Saving Lives, South Carolina