August 30, 2014
FILE - This Nov. 29, 2012 file photo shows House Speaker John Boehner of Ohio speaking to reporters on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)
WASHINGTON (AP) - The White House says President Barack Obama would veto House Speaker John Boehner's 'Plan B' proposal for extending tax cuts for people making up to $1 million.
White House communications director Dan Pfeiffer says it is unlikely that such a bill would pass the Senate. In a statement, he says the deficit reduction that would result from the 'Plan B' approach is minimal and offers no spending cuts.
Pfeiffer says Obama urges Republican leaders to work with the White House to find a reasonable solution instead of engaging in "political exercises." Unless both sides reach an agreement, a series of tax hikes and spending cuts will go into effect starting Jan. 1.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.