The White House quickly rejected House Speaker John Boehner's "fiscal cliff" alternative plan on Tuesday, saying it fails to meet the criteria of ending tax breaks for the top 2 percent, and forces the middle class, seniors and other vulnerable groups to shoulder the country's financial burdens.
"He is not willing to accept a deal that doesn't ask enough of the very wealthiest in taxes and instead shifts the burden to the middle class and seniors," White House press secretary Jay Carney said in a statement. "The speaker's 'Plan B' approach doesn't meet this test because it can't pass the Senate and therefore will not protect middle-class families, and does little to address our fiscal challenges with zero spending cuts."
Carney's statement was issued hours after it was reported Boehner would present a new deal to avoid the fiscal cliff—automatic tax increases and spending cuts set to go into effect Jan. 1. The new proposal would raise taxes on income over $1 million and include $1 trillion in spending cuts over 10 years.
The president wants to end tax breaks for households earning over $250,000.
Olivier Knox contributed to this report.