House Democrats agreed yesterday to raise taxes on the wealthy to pay for a sweeping expansion of the nation's health-care system, proposing a surtax on the highest earners that could send the top federal tax rate toward 45 percent.

Beginning in 2011, the plan would target all income over $350,000 a year for families and $280,000 a year for individuals, Democratic sources said. The surtax would start at 1 percent, rise to around 1.5 percent for families earning more than $500,000, then step up again, to around 3 percent, for families earning more than $1 million, Democrats said.

Read the whole story on Washington Post or try our Toolbar
Bookmark and Share

Related stories from top sites:

  • Obama Presses Congress to Pass Health Care Plan

    Jul 13th, 2009 - New York Times

    WASHINGTON — Hours after two House committees approved legislation to remake the health care system, President Obama delivered a stern lecture Friday afternoon to lawmakers who have said the process may be moving too fast.

  • House Health Plan Raises Taxes for Rich

    Jul 13th, 2009 - AOL News

    WASHINGTON (July 14) - House Democrats readied legislation Tuesday that imposes penalties on employers who fail to provide health insurance for their workers and on individuals who refuse to buy it...

  • House Dems' Health Plan Would Tax Richest

    Jul 13th, 2009 - The Ledger

    WASHINGTON | House Democrats unveiled ambitious legislation Tuesday to remake the nation's health care system and called on medical providers, businesses and the wealthiest...

  • Health Surtax on Wealthy Proposed

    Jul 13th, 2009 - Washington Post

    House Democrats yesterday unveiled a plan that would force the richest 2 million U.S. taxpayers to shoulder much of the cost of an expansion of the nation's health-care system...

  • Democrats to unveil Health Care bill details

    Jul 13th, 2009 - POLITICO.com

    After a series of false starts, House Democrats are finally expected to unveil the details of a sweeping reform measure on Tuesday that would drastically revamp the country's health care system.

More stories ...

Leave a Reply

Comment moderation is enabled. Your comment may take some time to appear.