WASHINGTON (Reuters) – President Barack Obama and fellow Democrats on Wednesday signaled a willingness to drop a proposed surtax on millionaires, but remained at odds with Republicans in efforts to extend an expiring payroll tax cut for 160 million Americans. Obama discussed abandoning the surtax, which Republicans have denounced as a levy on “job creators,” at a meeting with Senate Majority Leader Harry Reid and other top Senate Democrats at the White House, party aides said. …

Quoted from Democrats mull dropping millionaire surtax on Yahoo! News – Latest News & Headlines

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