House Speaker John Boehner unexpectedly pulled a bill on his own tax plan because he couldn't get enough votes from his own party.
Boehner's plan would have allowed taxes to go up on income over $1 million.
OutFront tonight: CNN Contributor John Avlon, Daniel Altman Columnist, Foreign Policy, Doug Holt-Eakin Former CBO Director.
Boehner's Plan B fiscal cliff bill pulled amid dissension in GOP caucus
House Speaker John Boehner's proposal to avert the looming fiscal cliff's automatic tax increases has failed to get enough Republican support, throwing yet another monkey wrench into the contentious debate.
Boehner said earlier Thursday that he was confident that his so-called Plan B - which would extend tax cuts that are set to expire at year's end for most people while allowing rates to increase to 1990s levels on income over $1 million - would pass the House, and in the process put pressure on President Barack Obama and the Democratic-controlled Senate. But that gambit seemed in doubt Thursday, as Republican leaders struggled to get all their members to sign on, knowing the chamber's Democrats oppose it.
GOP leaders could be seen working the House floor earlier Thursday, trying to convince their party colleagues. Sen. Rob Portman was one of them, telling reporters that he and other Republican senators had been asked to come over and make their pitch.
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Glad I said a year ago that doing any deal of Bush Tax cuts was a bad idea, which it was lost America its triple AAA rating. Also glad brought up the plan for saving the post office. It would appear that great minds think alike or that someone hired the wrong people to be "Outfront."