GOP ‘fiscal cliff’ plan echoes failed budget talks

FILE - This Nov. 29, 2012 file photo shows House Speaker John Boehner of Ohio speaking to reporters on Capitol Hill in Washington. House Republicans negotiating with President Barack Obama on avoiding the so-called fiscal cliff are proposing to increase the eligibility age for Medicare and to lower cost-of-living hikes in Social Security benefits. Boehner said the GOP proposal is a "credible plan" for Obama and that he hopes the administration would "respond in a timely and responsible way." (AP Photo/J. Scott Applewhite, File)Republicans are proposing a "fiscal cliff" plan that revives ideas from failed budget talks with President Barack Obama last year, calling for raising the eligibility age for Medicare, lowering cost-of-living hikes for Social Security benefits and bringing in $800 billion in higher tax revenue.


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