US Senate Democrats to offer new payroll tax plan

posted by
December 14, 2011
Posted in News, PND News

"Senate Democrats will offer a new proposal for extending the payroll tax cut that drops a provision to tax income over $1 million, a Democratic source told CNN on Wednesday. The so-called 'millionaires tax' was opposed by Republicans who had blocked previous proposal by Senate Democrats to prevent the payroll tax on workers from returning to a higher rate a the end of the year." (12/14/11)  


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