Unable to round up enough support, House Republicans abruptly put off a vote Thursday night on legislation allowing tax rates to rise for households earning $1 million and up, complicating attempts to avoid a year-end fiscal cliff that threatens to send the economy into recession.
In a brief statement, House Speaker John Boehner said the bill "did not have sufficient support from our members to pass."
He said that now it is up to the president to work with Senate Majority Leader Harry Reid "on legislation to avert the fiscal cliff."'
Adam Jentleson, spokesman for Nevada Senator Harry Reid, released the following statement:
"It is now clear that to protect the middle class from the fiscal cliff, Speaker Boehner must allow a bill to pass with a combination of Democratic and Republican votes. Speaker Boehner's partisan approach wasted an entire week and pushed middle-class families closer to the edge. The only way to avoid the cliff altogether is for Speaker Boehner to return to negotiations, and work with President Obama and the Senate to forge a bipartisan deal."
(The Associated Press also contributed to this report.)
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