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Boehner offers a backup plan for 'fiscal cliff'

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    Game of political hardball with Obama continues

  • Duration 3:45
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Good evening I'm Brett bear with the fiscal cliff looming both President Obama and Barack Obama.

Barack Obama and house speaker John -- I should say continue to fight tooth and nail over how best to.

A birthday automatic tax hikes and spending cuts that would go into effect exactly two weeks from tonight we have team fox coverage.

Tonight -- chief political correspondent Carl Cameron on Capitol Hill where the house is set to vote and what speaker Boehner calls a -- beat.

But we started you may have already seen them with chief White House correspondent Ed Henry where President Obama insists.

He has moved more than halfway to be banner good evening had good evening -- that's right Democrats say that they have.

Given a whole lot to John Boehner in -- not ready to give more a top advisor to the president telling me tonight.

That the White House believes these negotiations took a step back today.

Speaker John Boehner said while he's not cutting off negotiations on a major deficit deal with President Obama it's time for -- back -- plan.

Our plan -- Would protect American taxpayers who make a million dollar or less.

And have all of their current rates extended yet even if it passes the house vote on Thursday there's little chance of passage in the senate.

Where Democrats say the goal posts keep getting moved they take that football.

And -- -- Charlie Brown.

Episode they -- the ball away except it was only fifteen months ago the president suggested the threshold on tax hikes might be a million dollars middle class families shouldn't pay higher taxes than millionaires and billionaires today White House officials noted the President Bush for the so called Buffett rule.

Was only a minimum tax for millionaires that did not preclude raising rates is part of broader reform.

Let's be clear idea of just taxing people making a million dollars from morsel bet it on balance.

Why the president proposed that in September of 2000 -- You -- -- beginning I was born well that was that was his first thoughts entirely different proposal the president has always supported.

-- expiration of the bush era tax cuts.

For those making.

More than 250000.

Dollars in private talks with -- however the president has now moved that threshold to 400000.

Dollars or more.

So Republicans to -- noted two years ago.

53 senate Democrats voted for a plan by senator Chuck Schumer that sounds similar to -- leaders senator Schumer -- quote.

First I don't know a single one of my college who wouldn't prefer.

To do tax breaks for people of to a million dollars bigger though has bigger problems his plant.

On a bill to extend tax cuts for anyone making 250000.

Dollars or less.

Well that could help avoid the clip since the senate already approved it conservatives are likely to block our shot even as -- -- yeah.

Let's make sure that we can try to get at least 99%.

Of Americans -- not to have taxes that circle and we're gonna however.

-- with the clock ticking Democrats think the president has Boehner boxed in.

We don't know the deep details of plan a plan B or.

For whatever plants he might -- -- but we.

Remain united behind our president.

Now here's what plan C might look like one top advisor to the president tells me he can see a scenario.

Where the president makes one more concession.

Saying that the new threshold will be 500000.

Dollars or more for tax increases but it Boehner may not take that even if Boehner did take it it doesn't include any major spending cut it doesn't include an increase in the debt ceiling.

Which means this leaves a whole lot on the table for next year either way right OK Ed thank you.

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