The bill also includes a surtax on millionaires,” which applies a 3.25 percent tax on modified adjusted gross income higher than $1 million, or $500,000 for a married individual filing separately. This tax would take effect in 2013.

Sen. Bob CaseyRobert (Bob) Patrick CaseySenate campaign fundraising reports roll in Senate Finance Dems want more transparency on trade from Trump Trump's 's---hole' remark sparks bipartisan backlash MORE Jr. (D-Pa.) is the chief sponsor of the bill, which is also co-sponsored by Reid and Sens. Sherrod BrownSherrod Campbell BrownSenate campaign fundraising reports roll in Commerce sends Trump long-awaited steel report GOP Rep. Jim Renacci announces Ohio Senate bid MORE (D-Ohio), Robert MenendezRobert (Bob) MenendezCongress must provide flexible funding for owners of repeatedly flooded properties Senate ethics panel resumes Menendez probe after judge declares mistrial Judge declares mistrial in Menendez bribery case MORE (D-N.J.), Charles SchumerCharles (Chuck) Ellis SchumerDemocrats will need to explain if they shut government down over illegal immigration White House: Trump remarks didn't derail shutdown talks Schumer defends Durbin after GOP senator questions account of Trump meeting MORE (D-N.Y.) and Debbie StabenowDeborah (Debbie) Ann StabenowSenate Finance Dems want more transparency on trade from Trump Prominent Michigan Republican drops out of Senate primary GOP chairman shoots down Democrat effort to delay tax work until Jones is seated MORE (D-Mich.).