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Thursday, December 15, 2011

Democrats Abandon Millionaire Surtax Proposal

by taxnick on December 15, 2011

Democrats are abandoning their demand for a surtax on millionaires to help finance payroll tax cuts in a sign that lawmakers are trying to broker a compromise on Congress’ highest-profile year-end dispute.
Even so, there is no clear path to quick bipartisan agreement on the legislation, which would prevent an automatic Social Security tax increase on [...]

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