Speaker John Boehner pulled his “plan B” from consideration late Thursday night citing a lack of support from members of his party. This comes after Majority Leader Eric Cantor assured reporters that the plan had the support of enough members to pass. Even anti-tax crusader Grover Norquist gave his blessing, allowing signers to vote aye on the bill. The plan would have raised taxes on those making more than a million dollars a year. The plan was something that Speaker Boehner had proposed to President Obama, leading President Obama to raise his taxing minimum to $400,000 a year. However, Speaker Boehner went ahead and wrote up his offer and decided it would go up for a vote. The President and Speaker Boehner have been negotiating for weeks about what to do about the fiscal cliff. Reportedly, the biggest arguments come from taxes. Although, there is reason for hope as Senate Majority Leader Harry Reid (D-NV) said that President Obama and Speaker Boehner’s proposals are getting closer to each other.
