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Reid May Propose “Millionaire’s Tax”

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(credit: Alex Wong / Getty Images)

(credit: Alex Wong / Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Washington, DC)  — Senate Majority Leader Harry Reid may propose a tax on millionaires to pay for President Obama’s jobs bill.  Politico.com reports the Nevada Democrat is considering a 5% surtax on those making over $1-million a year.  Reid says the Senate will vote on Obama’s bill in the coming weeks, but only after Democrats find new ways to pay for the tax breaks and incentives the president wants.

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