US House Republicans eye passing limited fiscal cliff bill

WASHINGTON - With time running short before a December 31 deadline, House of Representatives Speaker John Boehner will begin work on legislation that simply would extend current low income tax rates for all families with incomes below $1 million a year, according to an aide.
Negotiations will continue with the White House on a broader tax and spending deal, the aide said.
Boehner is presenting the plan to rank-and-file Republicans in a closed-door session.
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