U.S. House Speaker eyes "plan B" for "fiscal cliff"

 WASHINGTON, Dec. 18 (Xinhua)-- U.S. House Speaker John Boehner said on Tuesday that he will move to a backup option for the fiscal¹ woes² due in January while remained hopeful a broader deal can be reached with the President Barack Obama.

Boehner spoke³ with reporters after a meeting with the Republican caucus⁴ to garner⁵ support for his recent offer for higher tax rates for households making over 1 million dollars a year.

"Our hope continues to be to reach an agreement with the President on a balanced approach that averts⁶ the fiscal cliff. What we've offered meets the definition of balance, but the President is not there yet," Boehner said.

Boehner said the backup plan would extend low income tax rates for households with incomes below 1 million dollars a year.

"I continue to have hope that we can reach a broader agreement with the White House that would reduce spending as well as have revenues on the table. I think it would be better for our country, " he noted⁷.

Obama made a new fiscal offer Monday which lowered his demand on tax revenues increase further to 1.2 trillion dollars and called on lifting the debt limit for two years.

The latest proposal the White House offered was essentially⁸ 1.3 trillion dollars in new tax revenue and 850 billion dollars in net spending cuts, Boehner said. "That's not balanced in my opinion," he added.

As a step to break the budget impasse⁹, Boehner offered Obama a plan last week, which includes letting tax rates rise for those who make over 1 million U.S. dollars a year, contingent¹⁰ upon entitlement spending cuts. The proposal calls for 1 trillion dollars in new tax revenue, more than the 800 billion dollars fresh tax revenue he initially¹¹ offered.

Although differences remain, progress has been made in recent days as both sides made concessions¹² on their long-held positions.

Without a deal from the Congress, all of the Bush-era tax rates will expire at the end of the year, and automatic spending cuts are set to be triggered. Economists¹³ have warned that the combination of tax hikes and spending cuts could tip the U.S. economy into recession.

1 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

2 woes   

困境( woe的名词复数 )； 悲伤； 我好苦哇； 某人就要倒霉

参考例句：

• Thanks for listening to my woes. 谢谢您听我诉说不幸的遭遇。
• She has cried the blues about its financial woes. 对于经济的困难她叫苦不迭。

3 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。

4 caucus   

n.秘密会议；干部会议；v.（参加）干部开会议

参考例句：

• This multi-staged caucus takes several months.这个多级会议常常历时好几个月。
• It kept the Democratic caucus from fragmenting.它也使得民主党的核心小组避免了土崩瓦解的危险。

5 garner   

v.收藏；取得

参考例句：

• He has garnered extensive support for his proposals.他的提议得到了广泛的支持。
• Squirrels garner nuts for the winter.松鼠为过冬储存松果。

6 averts   

防止，避免( avert的第三人称单数 )； 转移

参考例句：

• Cautious speech averts eavesdropping. Cautious behavior arrests gossip. 若欲杜人之口，莫若自己谨言；若欲塞人之耳，莫若自己慎行。
• A gift in secret averts anger; and a concealed bribe in the bosom, strong wrath. 暗中送的礼物，挽回怒气；怀中搋的贿赂，止息暴怒。

7 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

8 essentially   

adv.本质上，实质上，基本上

参考例句：

• Really great men are essentially modest.真正的伟人大都很谦虚。
• She is an essentially selfish person.她本质上是个自私自利的人。

9 impasse   

n.僵局；死路

参考例句：

• The government had reached an impasse.政府陷入绝境。
• Negotiations seemed to have reached an impasse.谈判似乎已经陷入僵局。

10 contingent   

adj.视条件而定的；n.一组，代表团，分遣队

参考例句：

• The contingent marched in the direction of the Western Hills.队伍朝西山的方向前进。
• Whether or not we arrive on time is contingent on the weather.我们是否按时到达要视天气情况而定。

11 initially   

adv.最初，开始

参考例句：

• The ban was initially opposed by the US.这一禁令首先遭到美国的反对。
• Feathers initially developed from insect scales.羽毛最初由昆虫的翅瓣演化而来。

12 concessions   

n.（尤指由政府或雇主给予的）特许权( concession的名词复数 )；承认；减价；（在某地的）特许经营权

参考例句：

• The firm will be forced to make concessions if it wants to avoid a strike. 要想避免罢工，公司将不得不作出一些让步。
• The concessions did little to placate the students. 让步根本未能平息学生的愤怒。

13 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》