Rep. Steve Israel, D-N.Y., talks to “Viewpoint” host Eliot Spitzer about the latest in the fiscal cliff negotiations: House Speaker John Boehner’s so-called Plan B, which he says he will bring up for a vote in Congress tomorrow, even though the president has threatened to veto the bill should it pass.
Israel is dismissive of Boehner’s plan. “As a matter of solution, it fails dismally for several reasons. No. 1, it’s actually a tax increase on many middle-class families,” he explains. “All of the essential tax credits that have been used by working families, middle-class families, are gone in Plan B. Secondly, this so-called Plan B does nothing, absolutely nothing, on the fundamental question of our debt. … It doesn’t do anything about our debt, it doesn’t do anything about sequestration and it doesn’t avoid the cliff.”