Six things you should know about the GOP's Plan B

With the fiscal cliff deadline looming, the American people have made their voices heard: They want a balanced approach that protects middle-class families, seniors, students, and the most vulnerable Americans—while asking the wealthiest Americans to pay their fair share.

The so-called Plan B put forward by Speaker John Boehner and the Republican Party accomplishes none of that.

Instead, here's what the Republicans are proposing:

1. Cut taxes for millionaires by an average of $50,000 and raise taxes on the middle class.

2. Eliminate tax cuts for 25 million students, families, and businesses who are struggling to make ends meet.

3. Cut off 2 million Americans from unemployment assistance, a vital lifeline for Americans fighting to find work.

4. Subject doctors to deep cuts in Medicare payments.

5. Offer minimal deficit reduction that doesn't address our long-term fiscal challenges—and zero spending cuts.

6. Protect the wealthiest 2 percent of Americans instead of stepping up and working to reduce our deficit by $4 trillion.

The bottom line is that the Republicans' so-called Plan B burdens the middle class and fails to ask the wealthy to pay their fair share.

President Obama is fighting for a significant, balanced deal that will provide security for middle class families, the economy and our nation’s future—and asks the wealthiest Americans to pay their fair share. It's time for the GOP to put politics aside and come to the table. Every day they waste, the possibility that taxes go up on every single American increases.