Democrats’ millionaire tax plan dies in US Senate

WASHINGTON, Dec 4 (BestGrowthStock) – A Democratic plan to extend
low Bush-era tax rates for annual income up to $1 million
failed in the U.S. Senate on Saturday.

The legislation failed on a procedural vote as Republicans
argued that additional low tax rates for the wealthiest should
also be extended. Several Democrats also voted against the
measure.
(Reporting by Kim Dixon; Editing by Bill Trott)

Democrats’ millionaire tax plan dies in US Senate