Democrats eye 3.25% millionaire surtax
U.S. Senate Democrats are proposing to use a 3.25 percent surtax on income over $1 million to pay for extending and expanding a payroll tax cut, setting up a test vote as early as this week.
U.S. Senate Democrats are proposing to use a 3.25 percent surtax on income over $1 million to pay for extending and expanding a payroll tax cut, setting up a test vote as early as this week.
If Congress doesn't act, a 2 percentage-point cut in the payroll tax for workers will expire Dec. 31. The
Learn more about reprints and licensing for this article.