Washington, D.C. (NNCNOW.com) - The U.S. House of Representatives put off a vote on Speaker John Boehner's 'Plan B' Tax Bill Thursday night.
Boehner said there weren't enough votes to pass the bill.
Plan B Would have extended the Bush-era tax rates for people with incomes of less than a million dollars.
Earlier, the house narrowly passed a sequester bill that would cut spending by $200 billion.
Republicans against plan B said they wouldn't vote to raise taxes as a matter of principle.
A statement from the White House Thursday said the President is hopeful that they will be able to find a bipartisan solution quickly that protects the middle class and the economy.
The House has now adjourned for Christmas.