House Republicans, discouraged by the pace of negotiations with the White House, will move their own bill that would hike tax rates on income above $1 million, according to several sources familiar with the plans.
Speaker John Boehner (R-Ohio) told President Barack Obama of his plan last night on a phone call, according to sources…
Boehner isn’t pulling out of negotiations with the White House to strike a massive $2 trillion agreement, but leadership sources say they hope this move prods the administration to move toward them.
As of Monday evening, both sides seemed close to an agreement.
