(Bloomberg) -- House Republicans plan a vote late Thursday on a measure that would have been hard to imagine before the November 6 election -- a tax increase for top earners, which they previously labeled as job-killing class warfare.
Efforts are deteriorating to avert more than $600 billion in tax increases and spending cuts set to start in January. Even as Republicans seek to bridge their internal divide over taxes by pairing spending reductions with House Speaker John Boehner’s plan, the White House has declared his proposal dead on arrival and warned business leaders yesterday that talks between President Barack Obama and Boehner are regressing.
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