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Boehner, Cantor: Plan B Will Pass the House

Free_Markets_Free_People Wrote: Dec 20, 2012 2:56 PM
"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics." --Thomas Sowell

Speaker John Boehner has enough votes in the House to pass "Plan B," a plan President Obama and Nancy Pelosi once supported.

House Majority Leader Eric Cantor said unequivocally Thursday that Speaker John Boehner’s fiscal cliff fallback plan would pass the lower chamber later in the day — at the same time his party’s leadership was working privately to shore up support.

The so-called Plan B Boehner is pushing would extend tax rates for income below $1 million but force families making over that threshold to pay Clinton-era rates of nearly 40 percent. Late Wednesday...

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