Senate leader wants tax on rich to fund job plan

Reuters News
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Posted: Oct 05, 2011 10:33 AM
Senate leader wants tax on rich to fund job plan

WASHINGTON (Reuters) - Millionaires and billionaires should pay more taxes to help fund President Barack Obama's $447 billion jobs program, Senate Democratic leader Harry Reid declared on Wednesday.

Reid made the comments in Senate speech before Democratic leaders announce a funding plan for the jobs bill later in the day. Said Reid: "Democrats have listened to the American people, and they have been very clear: It is time for millionaires and billionaires to pay their fair share to help this country thrive."

(Reporting by Richard Cowan and Thomas Ferraro; editing by Doina Chiacu)