Cantor: House Republicans have votes for tax, spending "Plan B"

Reuters News
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Posted: Dec 20, 2012 11:35 AM
Cantor: House Republicans have votes for tax, spending "Plan B"

WASHINGTON (Reuters) - House of Representatives Majority Leader Eric Cantor said on Thursday that House Republicans will have enough votes to pass their "Plan B" alternative package of tax increases on income above $1 million coupled with spending cuts.

Cantor told a news conference that the vote shows "concrete action" to deal with looming year-end "fiscal cliff" of tax hikes and spending cuts. He added that Republicans intend to stay in Washington after the vote to keep working on a fiscal cliff solution.

(Reporting by David Lawder and Kim Dixon; Editing by Vicki Allen)