Report says Reid to consider taxing the rich to pay for health care
Sen. Harry Reid will consider a tax on the wealthy to pay for health care legislation, so says the Associated Press, via Politico:
"TAX THE RICH: Harry Reid is searching for more ways to pay for health care. AP's David Espo: '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. It was not known how large an increase Reid (D-Nev.) was considering, or whether it would also apply to a company's portion of the tax. President Barack Obama has said he will not raise taxes on wage earners making less than $250,000'."
