Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

QUICK TAKE: Senate Democratic Leaders Confer With Obama QUICK TAKE: Senate Democratic Leaders Confer With Obama

NEXT :
This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

CONGRESS

QUICK TAKE: Senate Democratic Leaders Confer With Obama

Senate Democratic leaders and President Obama discussed offering a new proposal to extend the employee payroll tax rate and unemployment benefits that would not include a surtax on incomes of more than a million dollars a year as a way to pay for the bill, a Democratic aide said.

"They are exploring other offsets and could make a new offer with no millionaire’s surtax at all," the aide said. Alternatives to cover the bill's cost would likely come from nonentitlement spending known as "other mandatory" spending. That could include savings from Fannie Mae and Freddie Mac. Democrats have already proposed farm subsidy cuts, spectrum sales and other provisions discussed by the super committee.

 

Democrats have been expected to drop the surtax, which Republicans almost unanimously oppose, when they move toward an actual payroll compromise.

 

DON'T MISS TODAY'S TOP STORIES

Sign up form for the newsletter
Comments
comments powered by Disqus
 
MORE NATIONAL JOURNAL