Obama would veto Boehner's Plan B: White House

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Obama would veto Boehner's Plan B: White House
from MarketWatch.com - MarketPulse
WASHINGTON (MarketWatch) -- President Barack Obama would veto House Speaker John Boehner's "Plan B" proposal to extend current tax rates for all income below $1 million, the White House said Wednesday. Boehner's bill "does not meet the test of balance," White House Communications Director Dan Pfeiffer said. A House vote on the bill is expected Thursday. Republicans proposed the bill as a backup plan in case talks aimed at averting the fiscal cliff fall apart.