Senate Dems rewrite a portion of Obama jobs bill

WASHINGTON (AP) — Senate Democrats are rewriting portions of President Barack Obama's jobs bill to include a new 5 percent tax on income above $1 million — a proposal that is sure to be blocked by Republicans.

Senate Majority Leader Harry Reid, D-Nev., said today he is changing the plan to make sure the nation's wealthiest families pay their fair share, picking up on a theme the White House has promoted throughout this year's budget battles.

The changes won't affect any of Obama's proposals to cut payroll taxes or provide money for teachers, firefighters and infrastructure. The changes are expected to attract more votes from Democratic senators, though Reid wouldn't predict whether Senate Democrats would unite behind the measure, which is unlikely to get any support from Republicans.

Reid said he plans to bring the bill to the floor next week.