Arrow-right Camera
News >  Nation/World

White House rejects GOP fiscal cliff counteroffer

WASHINGTON (AP) — The White House is rejecting a Republican counteroffer aimed at averting the “fiscal cliff,” saying it does not meet what the White House calls “the test of balance.”

White House communications director Dan Pfeiffer says the GOP proposal would lower tax rates for the wealthy and stick the middle class with the bill. He says the plan includes nothing new and provides no details on how it would achieve higher revenues.

The House Republican plan calls for $800 billion in higher tax revenue over 10 years. But it would keep the Bush-era tax cuts in place for all income earners.

Obama has insisted there can be no deal unless Republicans agree to end the tax cuts for families making more than $250,000 a year when they expire in January.



Top stories in Nation/World

U.S. Gulf Coast prepares as Alberto brings wind, rain north

UPDATED: 9:03 p.m.

Florida and Mississippi launched emergency preparations Saturday ahead of the arrival of Subtropical Storm Alberto, a slow-moving system expected to cause wet misery across the eastern U.S. Gulf Coast over the holiday weekend.