Boehner Drops ‘Plan B’ as Budget Effort Turns to Disarray
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House Speaker John Boehner scrapped a plan to allow higher tax rates on annual income above $1 million, yielding to anti-tax resistance within his own party and throwing already-stalled budget talks deeper into turmoil.
He will hold a news conference today at 10 a.m. Washington time, his office said in a statement.