By Michael Rainey
Two Democratic lawmakers unveiled a plan Thursday that would raise taxes on high-income households.
Sen. Chris Van Hollen of Maryland and Rep. Don Beyer of Virginia are proposing a 10-percentage point surtax that would apply to wages and capital gains over $2 million for married couples and $1 million for individuals. That would increase the top income tax rate for those households from 37% to 47% and lift the capital gains rate from 20% to 30%.
