Republicans revert to their Plan B as some Americans brace for fall off fiscal cliff
POSTED: Wednesday, December 19, 2012 - 8:00am
UPDATED: Wednesday, December 19, 2012 - 8:01am
NBC NATIONAL NEWS — Less than two weeks to go before those tax hikes and spending cuts kick in, and Republicans in Congress have reverted to what they're calling "Plan B."
Americans are cutting back as Republicans respond to the President's latest offer with a push to keep the Bush Tax Cuts for the wealthy.
Republicans are planning a vote as early as tomorrow to keep taxes low for everyone making under a million dollars.
"We're going to have to go to plan B because we want to make sure we do not go off the cliff," said Rep. Kevin McCarthy, California.
"Everyone should understand Boehner's proposal will not pass the Senate," said Senate Majority Leader Senator Harry Reid.
President Obama offered a lower threshold - 400,000. "The president has come halfway - he hopes that Republicans will do the same," said White House Press Secretary, Jay Carney.
Republicans see this million dollar vote as a last-ditch effort to save business owners from higher taxes. "All of us recognize that the top rate is going to go up," said Rep. Jeff Flake, Arizona.
"Our job is to keep those taxes down as much as possible," said Rep. Michael Grimm, New York.
Today in Washington, experts discuss the impact on affordable housing, as Bankrate.com reports the threat of falling over the cliff already has one in three Americans cutting back now - mostly poor families, and seniors.
Some now in Washington are urging Congress to act.
Compromise seemed likely 24 hours ago, and now, elusive - as Republicans push a vote that's not expected to ever reach the President's desk.