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Time for Plan B on ‘fiscal cliff?’

By Andrew Taylor
Published December 15, 2012 12:28am ET
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Time for Plan B on ‘fiscal cliff?’
House Speaker John Boehner of Ohio accuses President Barack Obama of not being serious about cutting government spending, Thursday, Dec. 13, 2012, during a news conference on Capitol Hill in Washington. Boehner is insisting that Obama wants far more in tax increases than spending reductions and appears willing to walk the economy "right up to the fiscal cliff." (AP Photo/J. Scott Applewhite) | J. Scott Applewhite

WASHINGTON (AP) — It’s beginning to look like it’s time for Plan B on the “fiscal cliff.”

With talks between President Barack Obama and House Speaker John Boehner apparently stalled, the leading emerging scenario is some variation on the following: Republicans would tactically retreat and agree to raise rates on wealthier earners while leaving a host of complicated issues for another negotiation next year.

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