Tag: House Republicans

House Republicans balk at "fiscal cliff" deal

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Speaker of the House John Boehner (R-OH) walks from a meeting with House Republicans about a solution for the "fiscal cliff" on Capitol HillWASHINGTON (Reuters) – Washington's last-minute scramble to step back from a "fiscal cliff" ran into trouble on Tuesday as Republicans in the House of Representatives balked at a deal to avert a budget crisis. Republican leaders in the House said they might try to change the bill approved by the Senate which voted to raise taxes on the wealthy in a late-night show of unity. That would set up a high-stakes game of chicken between the two chambers and risk a stinging rebuke from financial markets that are due to open in Asia in six hours. …

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House Republicans should accept Senate "cliff" deal: Tom Cole

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WASHINGTON (Reuters) – Republican Representative Tom Cole said his colleagues in the House of Representatives should vote on Tuesday on the “fiscal cliff” deal passed by the Senate, without adding amendments. “”We ought to take this deal right now, and we’ll live to fight another day, and it’s coming very soon on the spending cut,” Cole said on MSNBC. “We know the essential details and I think putting to bed this thing before the markets is really a pretty important thing to do.” (Reporting By Karey Wutkowski)

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House Republicans to meet to mull Senate-passed fiscal cliff deal

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WASHINGTON (Reuters) – Republican members of the U.S. House of Representatives will meet at 1 p.m. ET/1400 GMT Tuesday to discuss “a path forward” after Senate passage of a bipartisan “fiscal cliff” bill, a senior aide said. The meeting could help Republicans leaders decide when to begin consideration of the White House-backed measure. A vote could come as soon as later in the day. (Reporting by Thomas Ferraro; Editing by Bill Trott)

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House Republicans to vote on "fiscal cliff" bill Thursday: Cantor

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House Majority Leader Cantor speaks at a news conference after a Republican caucus meeting on Capitol HillWASHINGTON (Reuters) – U.S. House of Representatives Majority Leader Eric Cantor said he expects a vote on a Republican offer to avert the "fiscal cliff" on Thursday, and he expects to have enough votes to pass the measure. Cantor spoke on Tuesday, a day after top Republicans rejected the latest White House offer to avert some $600 billion in tax hikes and spending cuts looming at year's end, known as the fiscal cliff. Instead, Republicans plan a vote on a bill to raise taxes on income above $1 million while extending low rates for other taxpayers. …

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House Republicans eye limited fiscal cliff bill

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U.S. House Speaker Boehner and House Majority Leader Cantor stand during a news conference after a Republican caucus meeting in WashingtonWASHINGTON (Reuters) – With time running short before a Dec. 31 deadline, House of Representatives Speaker John Boehner will begin work on legislation that simply would extend current low income tax rates for all families with incomes below $1 million a year, according to an aide. Negotiations will continue with the White House on a broader tax and spending deal, the Boehner aide said. Boehner is presenting the plan to rank-and-file Republicans in a closed-door session. On January 1, income tax increases for most Americans will begin unless Congress acts. …

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House Republicans unveil new fiscal cliff offer

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WASHINGTON (Reuters) – U.S. House of Representatives Republican leaders on Monday called for $2.2 trillion in new deficit-reduction over 10 years in their latest effort to avert an end-of-year fiscal cliff. When counting deficit reductions enacted last year and anticipated savings from winding down the wars in Iraq and Afghanistan, the package would amount to $4.6 trillion in savings over a decade, according to House Republicans. House Speaker John Boehner and six other House Republican leaders made the offer in a letter to President Barack Obama. …

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