US Senate's Reid prepares bill with $250,000 tax-hike threshold
December 28, 2012 at 18:58 PM EST
WASHINGTON, Dec 28 (Reuters) - U.S. Senate Majority Leader Harry Reid said on Friday he was preparing legislation to prevent middle-class tax hikes for a possible vote by Monday even as he negotiates with top Senate Republican Mitch McConnell for a larger deal to avert the looming "fiscal cliff."