White House officials rejected House Republicans' Plan B fallback proposal to extend tax rate cuts for those making under $1 million, warning it does not go far enough and will not pass muster in the Senate.
White House Rejects GOP Plan B; Obama Using 28% Cap as Failsafe
DEC 18, 2012 4:08pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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