On March 13, 2008, Senator Hillary Clinton voted Yes on S Amdt 4218, legislation to create a new top tax bracket for families earning over $1 million in a given year. At the time, the top marginal income tax rate was 35 percent. The amendment would have created a new 39.6 percent bracket on these households. The amendment failed, 43 to 55.
Introduced by self-avowed socialist Bernie Sanders, this amendment promised to “put children ahead of millionaires and billionaires.” The amendment’s ten co-sponsors included Clinton and left-wing icon Ted Kennedy (D-Mass.).