Reid Weighs Rise in Medicare Tax- The Wall Street Journal
by Naftali Bendavid
November 13, 2009
Senate Majority Leader Harry Reid, seeking a new source of funding for the health-care overhaul legislation the Senate could begin debating next week, is considering a proposal to raise Medicare payroll taxes on couples who make more than $250,000 a year, according to people familiar with the discussions.
The Nevada Democrat may need the money because he is looking to scale back a tax on high-value health-insurance policies tha part of a bill approved by the Senate Finance Committee. In addition, many Democrats want him to increase the proposed health insurance subsidies for low- and middle income people.
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