Both sides have given up ground in the “Fiscal Cliff” negotiations in Washington, but the surprise tactic of the Republicans to put forth a “Plan B” has suddenly thrown the whole deal into doubt.
Republican House Speaker John Boehner essentially stormed out of the negotiations a couple of days ago and put forth his own bill, which he refers to as “Plan B.” This bill extends the Bush tax cuts for all Americans except those making $1 million or more.
Greg Valliere, the Chief Political Strategist at Potomac Research Group, says the Republican ploy is the “worst case scenario” for the negotiations. Here is a direct link.
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