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Obama to veto Republicans' 'Plan B' on fiscal cliff: White House

Published on Dec 19, 2012 11:15 PM
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WASHINGTON (REUTERS) - United States President Barack Obama would veto the House Republican "Plan B" tax proposal designed to avert Jan. 1 tax hikes, the White House said on Wednesday, saying the plan does not meet Obama's test that spending cuts not fall overwhelmingly on the middle class.

"The President urges the Republican leadership to work with us to resolve remaining differences and find a reasonable solution to this situation," White House Communications Director Dan Pfeiffer said in a statement.