State-by-State Figures on Proposed Millionaire Surcharge

October 2011
Southern Illinois Labor Tribune;10/20/2011, Vol. 75 Issue 12, p21
The article presents information on the surcharge of 5.6 percent on adjusted gross income over one million U.S. dollars proposed by U.S. Senator Harry Reid which will be paid by one percent of U.S. taxpayers. A table presented in the article shows that only one-tenth of one percent taxpayers would pay tax and Connecticut is the only state in which taxpayers' share of surcharge exceeds one percent. As further stated, the main objective of this measure is to create more jobs in the U.S.


Related Articles

  • Reid: Clean energy on Dems' agenda. Restuccia, Andrew // Hill;8/3/2011, Vol. 18 Issue 116, p11 

    The article mentions the clarification made by Senate Majority Leader Harry Reid that clean energy will be part of a broader job agenda that Senate Democrats will pursue when lawmakers return from the August 2011 recess.

  • Soak the Rich or Soak the Super Rich? Dalmia, Shikha // Hit & Run;10/16/2011, p15 

    The article discusses a proposal from Democratic Senate leader Harry Reid of Nevada for a millionaire surcharge to pay for U.S. President Barack Obama's jobs bill. His plan will have the super-rich people pay an additional 5.6% tax on each dollar of their unadjusted gross income beyond a million...

  • Readying to Hit the Ground Running After Recess, Reid Says RES Alive.  // Wind Energy Weekly;9/3/2010, Vol. 28 Issue 1401, p1 

    The article reports on the statements U.S. Senate Majority Leader Harry Reid on the possibility of a renewable electricity standard (RES). According to Senator Reid, RES is getting a bipartisan support and has the great potential of creating and protecting jobs. It also mentions that the RES...

  • Senate Dems buck Obama on jobs plan: Pay-fors are fixed by majority Ieader GOP vote maneuver. Bolton, Alexander // Hill;10/5/2011, Vol. 18 Issue 135, p1 

    The article reports on the plan of U.S. Senate Majority Leader Harry Reid to modify the pay-fors provisions of the job's plan pushed by the White House despite the call of U.S. President Barack Obama to pass the proposed legislation.

  • SEN. REID: THE GOP BROKE 'MY LEGISLATIVE HEART'. Cox, Ramsey // Hill;5/22/2014, Vol. 21 Issue 61, p14 

    The article presents the views of U.S. Senate Majority Leader Harry Reid on Republican obstruction of a tax break bill.

  • How to ease away from a senseless tax. Waltz, Bill // Indianapolis Business Journal;7/23/2012, Vol. 33 Issue 21, p9 

    The author discusses the impact of taxes on the creation and growth of jobs as well as the means to relieve from senseless taxes in the U.S.

  • Break up the banks. BUDOWSKY, BRENT // Hill;2/14/2013, Vol. 20 Issue 17, p17 

    The author argues on the need for the reenactment of the Glass-Steagall law to create new jobs, wealth, and prosperity in the U.S.

  • Industry, lobbyists see opening for tax holiday. Bogardus, Kevin // Hill;9/8/2011, Vol. 18 Issue 120, p20 

    The article reports on the prediction of business groups and lobbyists that there will be a repatriation tax holiday in the aftermath of the effort of the U.S. Congress and the White House to create more jobs in 2011.

  • Job Creation.  // Congressional Digest;Mar2010, Vol. 89 Issue 3, p65 

    The article discusses efforts by the U.S. government and Congress to spur job creation. In 2009 President Barack Obama signed into law a $787 billion economic stimulus that enjoyed almost no Republican support in Congress. Later that year Democrats in the House of Representatives passed the $154...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics