US House Republicans eye passage of limited fiscal cliff bill

December 18, 2012

WASHINGTON, Dec 18 (Reuters) - With time running short

before a Dec. 31 deadline, House of Representatives Speaker John

Boehner will begin work on legislation that simply would extend

current low income tax rates for all families with incomes below

$1 million a year, according to an aide.

Negotiations will continue with the White House on a broader

tax and spending deal, the aide said.

Boehner is presenting the plan to rank-and-file Republicans

in a closed-door session.