While you were sleeping Republican infighting as plan rejected

Tue, 04 Dec 2012

Dec. 5 (BusinessDesk) – US House Speaker John Boehner tabled a plan to avert the fiscal cliff that left out tax increases for the wealthy and was rejected within an hour by the Whitehouse The plan also highlighted divisions among factions of the Republican Party. Boehner’s plan partly entails targeting US$800 billion in revenue over a decade from overhauling the tax code, closing loopholes and deductions. Republican Senator Jim DeMint of South Carolina was one of the loudest dissenters. "Speaker Boehner's $800 billion tax hike will destroy...

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