U.S. House Puts off Vote on 'Plan B' Tax Bill

By KBJR News 1

U.S. House Puts off Vote on 'Plan B' Tax Bill

December 20, 2012 Updated Dec 20, 2012 at 11:45 PM CDT

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.