Republicans push their own plan, fiscal talks stalled

Reuters) – As a year-end deadline looms, Republicans in the U.S. House of Representatives pushed ahead on Thursday with their own “fiscal cliff” plan that muddles negotiations with the White House to avoid steep tax increases and spending cuts.

The Republican-led House is aiming to vote on Thursday evening on Speaker John Boehner’s “Plan B” to raise taxes only on annual incomes of more than $1 million – an effort to put pressure on President Barack Obama to offer more concessions.

“While the White House slow-walks us all to the edge of the fiscal cliff, Republicans are once again taking action to protect American families, our economy, and our national security,” Boehner’s office said.  Read more

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