By Alexander Bolton - 12/18/12 07:48 PM EST
Senate Majority Leader Harry ReidHarry ReidThe Trail 2016: Her big night Reid: Trump 'may have' broken the law with Russia remarks Senator slams Reid for 'dangerous game' on Trump briefings MORE (D-Nev.) told reporters Tuesday that Speaker John BoehnerJohn BoehnerDem drops out of race for Boehner's old seat Conservative allies on opposite sides in GOP primary fight Clinton maps out first 100 days MORE (R-Ohio) has effectively walked away from fiscal cliff negotiations.
Reid said BoehnerJohn BoehnerDem drops out of race for Boehner's old seat Conservative allies on opposite sides in GOP primary fight Clinton maps out first 100 days MORE's Plan B proposal to extend the Bush-era tax rates for family income under $1 million will not pass Congress.
Reid said the Senate Democratic caucus is unified in opposition to Boehner's "Plan B."
Reid said he is reviewing what to do if the House passes the fallback measure and sends it to the upper chamber. One option would be to amend it to lower the threshold for extending tax rates. Reid said he has met with staff and the Senate parliamentarian to mull his choices.
Reid declined to say whether he could support the proposal reportedly considered by the White House to use a new formula for calculating Social Security cost-of-living adjustments, noting that he will not be asked to vote on just that provision but instead on a broad package.
Reid said President Obama has not heard from Boehner since making a new counteroffer Monday.
"He hasn't heard a word from him," Reid said.
Senate Republican leader Mitch McConnellMitch McConnellPeter Thiel does not make the GOP pro-gay Reid: Trump is a 'hateful con man' McAuliffe: Clinton won't move TPP without changes MORE (Ky.) said he would support Boehner's plan as it would shield the vast majority of the nation from tax increases. He said his preference, however, is that taxes not go up on any subset of the public.