December 18, 2012 / 2:35 PM / 5 years ago

US House Republicans eye passage of limited fiscal cliff bill

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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.

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