Tags: BNALL | BNSTAFF | BNTEAMS | CNG | DCAA | EXE | GEN

Democratic Bill Offsets Payroll Tax Cut With Fannie, Freddie Fee

Monday, 05 Dec 2011 04:32 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Dec. 5 (Bloomberg) -- Democrats in the U.S. Senate are proposing to raise the fees Fannie Mae and Freddie Mac charge to lenders to offset the $185 billion cost of extending and expanding a payroll tax cut for workers into 2012, according to a summary released by Senator Robert Casey.

The legislation would also impose a 1.9 percent surtax on income over $1 million, which is lower than a 3.25 percent surtax Democrats had previously proposed.

--Editors: Jodi Schneider, Robin Meszoly

To contact the reporter on this story: Steven Sloan in Washington at ssloan7@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net

#<485546.7496882.2.1.95.14779.96>#

#<610805.56910.2.1.95.14779.25># -0- Dec/05/2011 21:01 GMT

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

VA Official First To Be Fired Over Falsified-Records Probe

Friday, 24 Oct 2014 19:27 PM

A top-level Department of Veterans Affairs official allegedly involved in falsifying records of how long ailing veterans . . .

WH Weighs Quarantine for Doctors Returning from W. Africa

Friday, 24 Oct 2014 18:33 PM

The White House is considering requiring medical workers who treat Ebola overseas to be quarantined when they come back  . . .

Rep. Farenthold: Waiting on Ebola Czar Ron Klain 'Infuriating'

Friday, 24 Oct 2014 18:25 PM

With Ebola now turning up in two large American cities, and the White House's new "Ebola czar" still declining to appear . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved