Dingy is already refusing to allow a Senate vote on the plan.
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 night, Republican leaders incorporated a proposal to spare the Pentagon from looming spending cuts and shift the reductions to other agencies.
Cantor, the No. 2 House Republican, said the plan is the “nation’s best option.”
“Senate Democrats should take up these measures immediately,” Cantor said in the Capitol. “And the president has a decision to make, he can support these measures, or be responsible for reckless spending and the largest tax hike in American history.”
But the Plan B is dead even before the vote, as Obama has already said he would veto it.
And behind the scenes, Democratic leaders are warning Boehner and his team that they are badly misreading the situation. The Senate will not take up Boehner’s bill until the House votes on extending tax rates on income below $250,000, they have been warned. Boehner and his team scrapped a vote on that measure Wednesday.