The Washington Post reported that House Speaker Nancy Pelosi wants to raise the income at which a surtax would to finance health care spending would kick in from the $350,000 in bills passed by House committees. She reportedly said the tax should only apply to millionaires. Almost everyone with an income of more than $350,000 a year would have more than $1 million in assets, therefore they would be millionaires.
--Dean Baker
The American Prospect is nonprofit, reader-funded journalism—and we need your help.
Our reporters dig deep, hold power to account, and explain how policy shapes people’s lives. If you value independent journalism that goes beyond the headlines, now’s the time to support it.
Here’s how you can help:
• Donate to power fearless reporting
• Subscribe to get our print magazine 6x/year.
Every dollar funds our in-depth reporting.
Donate Now. Subscribe here.
