President Obama and Senate Democratic leaders, meeting Wednesday at the White House, are considering dropping the millionaire surtax to pay for a payroll tax extension.
Senate Majority Leader Harry Reid and Democratic Policy Committee Chairman Chuck Schumer headed to the White House around 2:15 p.m. ET. A Senate Democratic aide told Fox the lawmakers are meeting with the president and are seriously considering axing the millionaire surtax.
Republicans have opposed paying for the payroll tax extension with a millionaire surtax, and now Democrats are looking at a provision in House Speaker John Boehner’s bill instead.