Reid eyes tax hike on wealthy to pay for health bill

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Senate majority leader Harry Reid (D-Nevada) is considering a payroll tax hike on the wealthy to help pay for health care reform. The House passed a similar provision in its legislation, increasing the taxes of those who make $500,000 or more a year. Mr. Reid's plan may increase taxes for those making $250,000 a year.

The Majority Leader is expected to release the bill by weeks end. In addition, he expects the Senate to pass its measure by Christmas.

http://www.msnbc.msn.com/id/33871839/ns/politics-capitol_hill/
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  • added November 06, 2009

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