50°F
weather icon Cloudy

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'."

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
Presidential election in Nevada — PHOTOS

A selection of images from Review-Journal photographer LE Baskow of scenes from the 2024 presidential election in Las Vegas.

Dropicana road closures — MAP

Tropicana Avenue will be closed between Dean Martin Drive and New York-New York through 5 a.m. on Tuesday.

The Sphere – Everything you need to know

Las Vegas’ newest cutting-edge arena is ready to debut on the Strip. Here’s everything you need to know about the Sphere, inside and out.

MORE STORIES