House Seeks To Pay For Reform With New Tax On Wealthy
House Democrats are expected to begin marking up a health reform bill this week that members of the Ways and Means committee said "would cost less than $1 trillion over 10 years, [and would be] paid for chiefly by a combination of spending reductions in the health care system and a surtax on wealthy taxpayers," CQ Politics reports. "The surtax would be levied beginning in 2011. ò€¦ [T]here would be three income brackets - $350,000, $500,000 and $1 million for couples filing jointly, and $280,000, $400,000 and $800,000 for individuals - with a different rate at each level: "One, two, three [percent] - something like that,"" the committee"s chairman, Charles Rangel, D-N.Y., said (Wayne, 7/13).
Mental Health