Clinton seeks surcharge tax on wealthiest tier of Americans

Democratic presidential candidate Clinton addresses supporters at the Electric Park Ballroom in Waterloo, IowaBy Amanda Becker MANCHESTER, New Hampshire (Reuters) – U.S. Democratic presidential candidate Hillary Clinton on Monday proposed a 4 percent tax on the wealthiest sliver of taxpayers who earn more than $5 million per year. The so-called “surcharge” on the wealthiest 0.02 percent would generate $150 billion over the next decade, according to a Clinton campaign aide. The suggested tax follows Clinton’s promise last month as she campaigned alongside billionaire investor Warren Buffett to build on the “Buffett rule,” which would establish a minimum tax rate of 30 percent on those earning more than $1 million per year.

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