The Senate Bill Put Its Cutoff at $250,000, Not $1 Million

December 19, 2012

Dean Baker

The Washington Post is having trouble with numbers again. It told readers that the bill passed by the Senate in the summer would restore the Clinton era tax rates on households with incomes over $1 million. Actually the bill would restore Clinton era tax rates on households with incomes over $250,000.

Thanks to Robert Salzberg for calling this to my attention.