Reid Considers Payroll Tax Hike for Health Care
Nov12From
Officials say the Senate majority leader is considering a plan to raise the payroll tax that goes to Medicare on Americans earning more than $250,000 a year.
Majority Leader Harry Reid is considering a plan for higher payroll taxes on the upper-income earners to help finance health care legislation he intends to introduce in the Senate in the next several days, numerous Democratic officials said Wednesday.These officials said one of the options Reid has had under review would raise the payroll tax that goes to Medicare, but only on income above $250,000 a year. Current law sets the tax at 1.45 percent of income, an amount matched by employers.
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Author : Steven Foley
Author's Website | Articles From This AuthorChief Managing Editor of 73 Wire. Founder and Managing Editor of The Minority Report Blog
Comments
Taxable Income For Business says:
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