Reuters: Politics: Obama not making new "fiscal cliff" offer to Congress: source

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Obama not making new "fiscal cliff" offer to Congress: source Dec 28th 2012, 21:06 Tweet Share this Email Print Related News WRAPUP 8-U.S. lawmakers, Obama in last chance talks on 'fiscal cliff' Thu, Dec 27 2012 Lawmakers set up 11th-hour bid on "fiscal cliff" Thu, Dec 27 2012 WRAPUP 5-U.S. lawmakers set up 11th-hour bid on 'fiscal cliff' Thu, Dec 27 2012 House sets Sunday session as "fiscal cliff" deadline nears Thu, Dec 27 2012 Americans blame Republicans more than Democrats for "fiscal cliff": Reuters/Ipsos poll Thu, Dec 27 2012 Analysis & Opinion Essential reading: Fiscal cliff talks down to the wire Philanthropy: You're doing it wrong U.S. President Barack Obama delivers remarks at the White House in Washington November 28, 2012. Credit: Reuters/Kevin Lamarque By Mark Felsenthal WASHINGTON | Fri Dec 28, 2012 4:06pm EST WASHINGTON (Reuters) - President Barack Obama was not planning to make a new offer to avert the tax increases and spending cuts that loom on January 1 at a White House meeting with congressional leaders on Friday, a source familiar with the meeting said. At the meeting, Obama was set to ask lawmakers to hold a vote on a "fiscal cliff" plan that would allow taxes to rise on those who earn $250,000 and up, and that would extend unemployment insurance benefits, according to the source. Obama believes his plan would pass with a majority in both the House of Representatives and the Senate, the source said. The president was meeting with Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, House Speaker John Boehner and House Minority Leader Nancy Pelosi - the first time the group has met together since November. If congressional leaders object to his plan, Obama will ask them for a viable counterproposal, the source added. If lawmakers have no alternative approach, he will seek an up-or-down vote in Congress on his plan, the source said. (Reporting by Mark Felsenthal and Roberta Rampton; editing by Todd Eastham) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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