Dem senators and congressmen are still kicking around a politically deft tax cut compromise: create a new tax bracket at the million-dollar mark, and tax any income in excess of that amount at Clinton-era rates. The idea’s been out there for months, and has won the endorsement of politically savvy Sen. Chuck Schumer (D-NY), for an obvious reason: it turns the tax cut fight into a fight about who’s on the side of millionaires.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=117696