New York Times: House Republicans pulled their fallback tax bill known as “Plan B” from the floor Thursday, saying that they did not have the votes to pass it.
“The House did not take up the tax measure today because it did not have sufficient support from our members to pass,” Speaker John A. Boehner said in a statement. “Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff.”
The decision was a major setback for the speaker, who was pushing his so-called Plan B to prevent lower tax rates from expiring on most Americans. It came after the House had narrowly approved a plan to suspend planned Pentagon cuts.