Home » Breaking News, Taxes » Congresswoman proposes new tax bracket for millionaires

Congresswoman proposes new tax bracket for millionaires

By Nicole Thompson, The Daily Herald

WASHINGTON — While Congress is debating federal budget cuts as a way to help solve the nation’s deficit crisis, an Illinois representative emerged Wednesday with a different solution.

Rep. Jan Schakowsky, an Evanston Democrat, has introduced the Fairness in Taxation Act, which would create new, higher tax brackets for Americans making more than $1 million and $1 billion a year.

To read more, visit: http://www.dailyherald.com/article/20110317/news/703179963/

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Posted by reteaparty on Mar 17 2011. Filed under Breaking News, Taxes. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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