The Associated Press reports that the bill, to be announced Thursday, will set a minimum tax rate on those who earn at least a million dollars, at the same time cutting farm subsidies substantially. The bill comes as a Democratic answer to the automatic cuts that are set to take place in two weeks.
Republicans are already lining up to oppose the bill, the AP says. They aren’t on board with anything that brings new tax increases, AP reports.
© Copyright 2013 The Washington Times, LLC. Click here for reprint permission.
Cheryl Chumley is a continuous news writer for The Washington Times. Previously, she was part of the start-up team for The Washington Times’ digital aggregation product, Times247. She’s also a 2008-2009 Robert Novak journalism fellow with The Phillips Foundation. She can be reached at firstname.lastname@example.org.
By Mark Mix
Home day care providers would be forced into unions
Independent voices from the TWT Communities
What does the middle-class conservative think about everything? Find out here.
Video reviews of today's hottest trends in Minecraft (servers and mods) along with a look at the latest video games with your host MCairsoft14 (alias Jerad Zad).
The cold hard truth about politics in America today and the state of this once great nation.
Uncensored exploration of issues concerning current events, civil liberties, American political advocacy, and the political and social issues facing military veterans.
World's Ugliest Dog Contest
Spelling Bee finale
Marines train Afghan soldiers
Rolling Thunder 2013
Benghazi: The anatomy of a scandal