Minimum Tax for Millionaires?

By: AP
By: AP

It's designed to prevent millionaires from using tax avoidance schemes that can allow them to pay lower rates than middle-income taxpayers.

Republicans say the proposal is going nowhere.

Senate Republican leader Mitch McConnell tells NBC's "Meet the Press" that it will "stagnate" the economy.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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