Millionaires' Tax | featured news

Laying down blunt budget markers for debt crisis

The battle over whether tax increases can be used to cut the nation's debt flared Tuesday as the Senate's Democratic budget writer floated a possible millionaire's surtax to help cut projected deficits over the next decade. But Republican leaders flatly said no to tax increases....

 

New York Lawmakers Said to Reach Deal on ‘Millionaires’ Tax’

New York Lawmakers Said to Reach Deal on ‘Millionaires’ Tax’

The plan would generate $4 billion a year by raising taxes on the highest earners, in a move that would help to close the state’s budget deficit.

 

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