Senate Majority Leader Harry Reid (D-Nev.) said Democrats would pay for President Barack Obama’s $447 billion jobs bill with a new tax on millionaires.
“The American people believe it is time for millionaires and billionaires to pay their fair share to help this country thrive,” Reid said on the Senate floor Wednesday.
The move will help unite Democrats who had been fractured over the assorted tax increases proposed by the president, and it draws a sharper contrast with the GOP, assuming that they vote en masse to block the package.
The millionaire tax idea has been proposed before — a version was voted on by the Senate last year — and, as Reid noted, has strong support in public polls. But Republicans have argued against raising taxes, particularly given the weak economy.
Reid and Senate Minority Leader Mitch McConnell (R-Ky.) also continued to spar over how to bring up the jobs package. McConnell wants a vote on the package as is — so it can be killed — while Reid is demanding a debate and the opportunity to amend it.
McConnell took aim at the president.
“Stop campaigning for a bill written in a way to guarantee it won’t pass and work with us on the kind of job-creating legislation both parties can agree on,” he said.
Hillary Rodham Clinton, center, along with former Secretary of State Madeleine Albright, right, and Annette Tilleman-Dick, left, wife for former Rep. Tom Lanots, D-Calif. Clinton was honored with the Tom Lantos Human Rights Prize during a ceremony last week at the Cannon House Office Building. Previous winners include the Dalai Lama and Elie Wiesel.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.