Unable to get enough support for a small tax raise on Americans earning more than $1 million, the GOP has canceled a House vote on legislation meant to avoid the “fiscal cliff.”
House Speaker John Boehner said it is now up to President Barack Obama and Senate Majority Leader Harry Reid to figure out “legislation to avert the fiscal cliff.”
“The Senate must now act,” he said.
Coming out of a last-minute meeting of GOP Republicans, Ohio Rep. Steve LaTourette said Boehner had told lawmakers, “He’s going to call the president and he’s going to go down and talk to him and maybe they can hammer something out.”
Neither the White House nor Reid’s office have commented.
President Obama had been urging a deal with Republicans before the House went into Christmas recess – which it did today.
“While the White House slow-walks us all to the edge of the fiscal cliff, Republicans are once again taking action to protect American families, our economy, and our national security,” Boehner’s office said after failing to get enough support to scrap $55 billion in cuts to the defense budget while adding new cuts to social programs.