Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Republicans Said to Consider Spending Cuts in Bill

Don't Miss Out —
Follow us on:
Barack Obama and John Boehner
The House may vote tomorrow on Boehner’s “Plan B,” which would raise tax rates on income over $1 million, rather than the $400,000 threshold the president proposed in his latest offer. Photographer: Saul Loeb/AFP via Getty Images

Dec. 19 (Bloomberg) -- House Republican leaders are considering giving members a chance to vote on spending cuts to firm up support for House Speaker John Boehner’s tax measure, said a Republican lawmaker and a congressional aide who spoke on condition of anonymity.

In announcing his proposal yesterday to raise tax rates for income above $1 million, Boehner had said his plan wouldn’t reverse automatic spending cuts set to take effect in January.

Republican leaders are asking rank-and-file members today what they would support in order to pass Boehner’s plan, which he said would be brought up for a vote tomorrow.

Unless Congress acts, more than $600 billion in tax increases and spending cuts will begin next month.

To contact the reporters on this story: Roxana Tiron in Washington at rtiron@bloomberg.net; James Rowley in Washington at jarowley@bloomberg.net

To contact the editor responsible for this story: Jodi Schneider at jschneider50@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.