Kamala Harris proposes raising corporate tax rate to 28 percent; Here's all you need to know
4 months ago

Kamala Harris proposes raising corporate tax rate to 28 percent; Here's all you need to know

Hindustan Times  

U.S. Vice President Kamala Harris is proposing to increase the corporate tax rate to 28% from 21% if she wins a November election against Republican rival Donald Trump, her campaign said on Monday. Kamala Harris, a Democrat, has pledged to maintain President Joe Biden's promise not to raise taxes on people who make $400,000 or less a year. The Committee for a Responsible Federal Budget, a nonpartisan advocacy group, said on Monday that Harris' proposal to raise the corporate income tax rate to 28% would reduce the U.S. deficit by $1 trillion over a decade. Harris, a Democrat, has pledged to maintain President Joe Biden's promise not to raise taxes on people who make $400,000 or less a year.

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History of this topic

Biden, Kamala Harris thank Democratic donors for funding presidential campaign
1 week, 1 day ago

Biden, Kamala Harris thank Democratic donors for funding presidential campaign

India Today  

President Joe Biden and Vice President Kamala Harris on Sunday thanked deep-pocketed Democratic donors who raised record sums in last month’s election loss to President-elect Donald Trump and urged them not to lose hope and to remain politically engaged. Harris, who stepped in as the party’s presidential nominee after Biden ended his campaign in July following his disastrous debate performance, …

Harris plan would bring tax increases for richest 1% and cuts for the bottom 99%s
1 month, 4 weeks ago

Harris plan would bring tax increases for richest 1% and cuts for the bottom 99%s

Raw Story  

As Republican nominee Donald Trump advances proposals that would further enrich the wealthiest Americans and profitable corporations, an analysis published Wednesday found that Vice President Kamala Harris' tax policy agenda would on average hike taxes on the nation's top 1% while cutting them for every other income group. ITEP found that if Harris' proposals—including an expansion of the Child Tax …

Big corporations used Trump tax cuts to pump $839B into buybacks and dividends: report
2 months ago

Big corporations used Trump tax cuts to pump $839B into buybacks and dividends: report

Raw Story  

The 15 largest corporate beneficiaries of former President Donald Trump's 2017 tax law have dumped a combined $839 billion into executive-enriching stock buybacks and dividends since the measure's passage, according to research released Wednesday by the progressive watchdog group Accountable.US. "There's nothing to be gained for everyday Americans by doubling down on the Trump corporate tax breaks—a historic mistake that …

15 big corporations used Trump tax cuts to pump $839 billion into buybacks, dividends
2 months ago

15 big corporations used Trump tax cuts to pump $839 billion into buybacks, dividends

Raw Story  

The 15 largest corporate beneficiaries of former President Donald Trump's 2017 tax law have dumped a combined $839 billion into executive-enriching stock buybacks and dividends since the measure's passage, according to research released Wednesday by the progressive watchdog group Accountable.US. "There's nothing to be gained for everyday Americans by doubling down on the Trump corporate tax breaks—a historic mistake that …

Study shows Trump plan would slash taxes for richest 5%, hike them for everyone else
2 months, 1 week ago

Study shows Trump plan would slash taxes for richest 5%, hike them for everyone else

Raw Story  

A detailed new analysis of the tax proposals Republican nominee Donald Trump has floated during the 2024 presidential campaign show they would result in annual tax increases for the bottom 95% of the U.S. income distribution—and a substantial giveaway to the richest 5%. The Institute on Taxation and Economic Policy described its study, published Monday, as the "most comprehensive analysis …

Analysis shows Trump tax plan would make rich people richer — and working people poorer
2 months, 2 weeks ago

Analysis shows Trump tax plan would make rich people richer — and working people poorer

Raw Story  

Republican presidential nominee Donald Trump's proposal to further reduce the U.S. corporate tax rate from 21% to 15% would make the bottom half of the nation's income distribution poorer while boosting the fortunes of those at the very top, according to an analysis published Thursday by economists at American University. If implemented, the economists found, Trump's plan would "modestly reduce" …

Your guide to the presidential candidates’ views on tax policy
2 months, 3 weeks ago

Your guide to the presidential candidates’ views on tax policy

LA Times  

Though sparse on details, the broad outlines of what Vice President Kamala Harris and former President Trump want to do on taxes are clear — and they are very different. “Harris has a more ‘coherent’ plan because she’s essentially got Biden’s budget proposals, which are fairly scored, scrubbed and all that stuff,” said Douglas Holtz-Eakin, president of the conservative-leaning American …

Outrage as Dems name and shame companies prioritizing exec pay over taxes
2 months, 3 weeks ago

Outrage as Dems name and shame companies prioritizing exec pay over taxes

Raw Story  

A group of congressional Democrats and Independent Sen. Bernie Sanders on Friday highlighted dozens of profitable U.S. corporations that have paid their executives more than they've paid in federal income taxes in recent years, a problem that the lawmakers attributed in large part to former President Donald Trump's massive tax-cut package that Republicans are working to extend. "In the first …

Voters may be better off with Kamala – but they dream of being like Trump
2 months, 3 weeks ago

Voters may be better off with Kamala – but they dream of being like Trump

The Independent  

Back in the 1970s and 80s there was an American economist who became the darling of the conservative, small-state right. That’s a way of guaranteeing World War Three.” But because Trump might be losing the right-wing intellectuals over fears of the ruinous consequences of trade wars, don’t think he’s losing the American people. Another Trump proposal is a massive extension …

Kamala Harris is stumped by question about crucial part of her economic policy during MSNBC interview
2 months, 3 weeks ago

Kamala Harris is stumped by question about crucial part of her economic policy during MSNBC interview

Daily Mail  

Vice President Kamala Harris gave a long pause during her interview on MSNBC when she faced a question over how she would pay for her economic plans. Interviewer Stephanie Ruhle asked Harris, who was giving her first network TV interview since securing her party's nomination, how she would pay for her economic plans. 'We’re going to have to raise corporate …

Kamala Harris’ political operation raises $361 million in August – nearly tripling Donald Trump’s haul
3 months, 2 weeks ago

Kamala Harris’ political operation raises $361 million in August – nearly tripling Donald Trump’s haul

CNN  

CNN — Vice President Kamala Harris’ presidential campaign increased its already blistering fundraising pace last month, bringing in $361 million in August – easily swamping the $130 million raised by her Republican rival last month and giving the Democrat a whopping $404 million in cash reserves for the final, two-month sprint to Election Day, her campaign aides announced Friday. CLICK …

Trump pitches Wall Street on punishing tariffs, low taxes, `explosive' growth
3 months, 2 weeks ago

Trump pitches Wall Street on punishing tariffs, low taxes, `explosive' growth

Politico  

“I am promising low taxes, low regulations, low energy costs, low interest rates, secure borders, low low low crime and surging incomes for citizens of every race, religion, color and creed,” Trump said in the more than hour-long talk. “My plan will rapidly defeat inflation, quickly bring down prices and reignite explosive economic growth.” Trump’s speech comes as Vice President …

Trump says he’ll boost the economy by cutting federal spending and corporate taxes
3 months, 2 weeks ago

Trump says he’ll boost the economy by cutting federal spending and corporate taxes

LA Times  

Donald Trump speaks at a campaign event at the Economic Club of New York on Thursday. Former President Trump told a group of executives and industry leaders on Thursday that he wants to lead a “national economic renaissance” by slashing regulations to boost energy production, embracing cryptocurrencies and drastically cutting government spending as well as corporate taxes for companies that …

Harris pitches a ‘billionaire minimum tax’ while Trump goes the other way
3 months, 2 weeks ago

Harris pitches a ‘billionaire minimum tax’ while Trump goes the other way

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. After taking the stage to Beyonce’s “Freedom,” Harris said small businesses like the brewery …

'Explosive path': Experts say 'expensive' Trump tax plan will add $5.8 trillion to deficit
3 months, 3 weeks ago

'Explosive path': Experts say 'expensive' Trump tax plan will add $5.8 trillion to deficit

Raw Story  

Donald Trump's tax plan for a second potential term as president would be much more expensive than the one proposed by Vice President Kamala Harris, according to experts. "Former President Donald Trump would seek to extend the tax cuts enacted through the Tax Cuts and Jobs Act, his signature 2017 legislation that reduced taxes for most Americans, although research has …

What we know about Kamala Harris’s tax plans
3 months, 3 weeks ago

What we know about Kamala Harris’s tax plans

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. In her keynote address at the Democratic National …

Kamala Harris brings in over $540 million in donations, breaking fundraising record, campaign says
3 months, 4 weeks ago

Kamala Harris brings in over $540 million in donations, breaking fundraising record, campaign says

Salon  

Kamala Harris’ campaign has raised $540 million since it launched in July, her campaign announced on Sunday. The vice president's campaign manager, Jen O’Malley Dillon, wrote in a memo that the money raised is “the most for any presidential campaign ever.” Of the total raised, $82 million was donated during the Democratic National Convention last week. “Just before Vice President …

Kamala Harris' campaign says it's raised 540 million USD and saw a surge of donations during the convention
3 months, 4 weeks ago

Kamala Harris' campaign says it's raised 540 million USD and saw a surge of donations during the convention

New Indian Express  

Vice President Kamala Harris' campaign says it has now raised $540 million for its election battle against Republican nominee former President Donald Trump. The campaign said it saw a surge of donations during last week's Democratic National Convention in Chicago where Harris and her vice presidential running mate, Minnesota Gov. “Just before Vice President Harris’ acceptance speech Thursday night, we …

Vivek Ramaswamy warns, Kamala Harris' tax plans will lead US to an ‘economic calamity’
4 months ago

Vivek Ramaswamy warns, Kamala Harris' tax plans will lead US to an ‘economic calamity’

Hindustan Times  

Vivek Ramaswamy has issued a stark warning about the economic dangers he believes would arise if Vice President Kamala Harris is voted into power and implements her proposed tax strategy. At the centre of his concern is Harris’s support for a tax on unrealised capital gains—a policy that could, according to Ramaswamy, trigger an economic calamity. In 2022, they proposed …

Harris offers proposals to cut food and housing costs, trying to blunt Trump's economic attacks
4 months, 1 week ago

Harris offers proposals to cut food and housing costs, trying to blunt Trump's economic attacks

New Indian Express  

Harris isn't looking for any radical departures from President Joe Biden, who stepped down from the race last month and endorsed her. Some of Trump’s economic advisers offered further rebuttals to Harris' plans before she spoke on Friday, with Brian Hughes, a spokesman for the former president's campaign, calling them representative of a “socialist and authoritarian model.” Kevin Hassett, a …

Kamala Harris promises to lower costs as she slams Trump for having ‘no serious plans’ to help middle class
4 months, 1 week ago

Kamala Harris promises to lower costs as she slams Trump for having ‘no serious plans’ to help middle class

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Democratic …

Kamala Harris’ Big Economic Speech Breaks With Biden And Continues His Legacy
4 months, 1 week ago

Kamala Harris’ Big Economic Speech Breaks With Biden And Continues His Legacy

Huff Post  

President Joe Biden and Vice President Kamala Harris, the Democratic presidential nominee, arrive to speak about the administration's efforts to lower costs during an event at Prince George's Community College in Largo, Maryland, on Thursday. Susan Walsh via Associated Press Vice President Kamala Harris will propose a ban on price gouging by food companies, along with incentives to build new …

Harris to unveil plan for U.S. economy in major policy rollout
4 months, 1 week ago

Harris to unveil plan for U.S. economy in major policy rollout

Raw Story  

Kamala Harris is expected to take on companies unfairly jacking up prices as she sets out her economic agenda Friday in her first major policy announcement as the Democratic Party's presidential nominee. Harris's first economic proposal -- to not tax tips -- perplexed some Democrats, who mocked the proposal as a "ploy" for votes after Trump first floated something similar. …

Harris offers proposals to cut food and housing costs, trying to blunt Trump’s economic attacks
4 months, 1 week ago

Harris offers proposals to cut food and housing costs, trying to blunt Trump’s economic attacks

LA Times  

Vice President Kamala Harris speaks about the economy at a campaign event at Wake Tech Community College in Raleigh, N.C., on Friday. Some of Trump’s economic advisors offered further rebuttals to Harris’ plans before she spoke Friday, with Brian Hughes, a spokesman for the former president’s campaign, calling them representative of a “socialist and authoritarian model.” Kevin Hassett, a former …

Harris to unveil plan for US economy in major policy rollout
4 months, 1 week ago

Harris to unveil plan for US economy in major policy rollout

New Indian Express  

RALEIGH: Kamala Harris is expected to take on companies unfairly jacking up prices as she sets out her economic agenda Friday in her first major policy announcement as the Democratic Party's presidential nominee. The vice president, who replaced President Joe Biden atop the ticket last month, has been carried by surging enthusiasm, bolstered by new government figures this week showing …

Kamala Harris rolls out agenda: $6K tax credit for newborns, $25K subsidy for first-time homebuyers
4 months, 1 week ago

Kamala Harris rolls out agenda: $6K tax credit for newborns, $25K subsidy for first-time homebuyers

Salon  

Vice President Kamala Harris is set to unveil her populist economic agenda at a campaign event in North Carolina on Friday. This highly anticipated plan is Harris’ first-ever detailed vision of her economic policies and includes proposals that prioritize “lowering costs for American families,” going beyond President Joe Biden's campaign platform, The Washington Post reported. Harris’ proposal includes eliminating medical …

Harris campaign scoffs after Trump 'huffed and puffed' at Bedminster speech
4 months, 1 week ago

Harris campaign scoffs after Trump 'huffed and puffed' at Bedminster speech

Raw Story  

Following former President Donald Trump's news conference at his Bedminster golf club in New Jersey, Vice President Kamala Harris' presidential campaign responded with a blistering statement mocking his attacks on Biden administration policies and proposals to reduce cost of living for American families. “At his country club, Donald Trump, huffed and puffed his opposition to lowering food costs for middle …

Harris endorses eliminating taxes on tips, touting policy first proposed by Trump
4 months, 1 week ago

Harris endorses eliminating taxes on tips, touting policy first proposed by Trump

CNN  

CNN — Vice President Kamala Harris has backed the elimination of taxes on tips for hospitality and service workers, endorsing a policy first suggested by former President Donald Trump. !” After Trump’s proposal in June, Culinary Union Local 226’s secretary-treasurer Ted Pappageorge pushed back on his promise: “Relief is definitely needed for tip earners, Nevada workers are smart enough to …

Kamala Harris pledges to work to end taxes on tips for service industry employees, echoing Trump vow
4 months, 1 week ago

Kamala Harris pledges to work to end taxes on tips for service industry employees, echoing Trump vow

The Hindu  

Vice President Kamala Harris vowed Saturday that, if elected, she'd eliminate federal taxes on tips paid to restaurant workers and scores of other service employees, echoing a pledge that her opponent in November, Donald Trump, has made in a rare moment of political overlap from both sides. “The path to victory runs through Nevada,” the union said in a statement, …

Harris pledges to work to end taxes on tips for service industry employees, echoing Trump vow
4 months, 1 week ago

Harris pledges to work to end taxes on tips for service industry employees, echoing Trump vow

Associated Press  

LAS VEGAS — Vice President Kamala Harris promised Saturday to work to eliminate taxes on tips paid to restaurant and other service industry employees, echoing a pledge that her opponent, Republican Donald Trump, has made, and marking a rare instance of political overlap from both sides. “Including to raise the minimum wage and eliminate taxes on tips for service and …

Kamala Harris raises $81 million in first 24 hours of presidential campaign
4 months, 3 weeks ago

Kamala Harris raises $81 million in first 24 hours of presidential campaign

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. While the record fundraising claims made by the …

US election 2024: Kamala Harris campaign raises $200m in a week
4 months, 3 weeks ago

US election 2024: Kamala Harris campaign raises $200m in a week

Al Jazeera  

Harris has quickly coalesced Democratic support after President Joe Biden announced his exit from the November 5 election. US Vice President Kamala Harris’s campaign has raised $200m since President Joe Biden announced his exit from the presidential election race and endorsed her as his successor. “The momentum and energy for Vice President Harris is real — and so are the …

Harris hits the campaign trail as endorsements and delegates pile up
5 months ago

Harris hits the campaign trail as endorsements and delegates pile up

LA Times  

Vice President Kamala Harris’ presidential campaign is off to a roaring start, after she appeared to clinch enough delegates Monday night to secure the Democratic nomination and hit the campaign trail Tuesday. Politics Harris raises record-breaking $81 million for presidential bid Vice President Kamala Harris raised $81 million in the 24 hours after President Biden announced he would not seek …

Kamala Harris lauds Biden's legacy in first address since his exit from the race
5 months ago

Kamala Harris lauds Biden's legacy in first address since his exit from the race

Hindustan Times  

U.S. Vice President Kamala Harris lauded President Joe Biden's accomplishments in her first public appearance on Monday since he abruptly abandoned his reelection bid and endorsed her as his successor. U.S. Vice President Kamala Harris, looks on during an event with the women and men's National Collegiate Athletic Association Champion teams in her first public appearance since President Joe Biden …

Harris raises record-breaking $81 million for presidential bid
5 months ago

Harris raises record-breaking $81 million for presidential bid

LA Times  

Kamala Harris, pictured at a 2019 rally in Oakland, raised $81 million for her presidential bid in the first 24 hours after President Biden announced he would not seek reelection. Vice President Kamala Harris raised $81 million for her White House bid in the first 24 hours after President Biden announced he would not seek reelection — the largest campaign …

Trump’s economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce
5 months, 1 week ago

Trump’s economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce

Associated Press  

WASHINGTON — The first night of the Republican National Convention kept its official focus on the economy Monday even after Saturday’s shooting at a rally in Pennsylvania in which former President Donald Trump was injured. The platform would address illegal immigration in part with the “largest deportation program in American history.” And Trump would also scrap President Joe Biden’s policies …

Mike Pence’s foundation launches a $10 million election-year campaign to preserve Trump-era tax cuts
6 months ago

Mike Pence’s foundation launches a $10 million election-year campaign to preserve Trump-era tax cuts

Associated Press  

WASHINGTON — Former Vice President Mike Pence’s foundation is launching a $10 million campaign to preserve the Trump-era tax cuts that are set to expire after next year as he presses conservatives not to stray from the fight before the November election. Democratic President Joe Biden has proposed keeping the tax cuts for people making under $400,000 a year while …

Trump tries to woo billionaire CEOs with promise of another round of tax cuts: report
6 months, 1 week ago

Trump tries to woo billionaire CEOs with promise of another round of tax cuts: report

Raw Story  

Former President Donald Trump is trying to push the billionaire businessman class back into his camp with a promise of another round of corporate tax cuts, this time reducing the rate from 21 percent to 20 percent. According to The New York Times, "Mr. Trump made the remarks from a comfortable gray armchair during a conversation with his former economic …

Trump offers CEOs a tax cut, while Biden touts support for global alliances
6 months, 1 week ago

Trump offers CEOs a tax cut, while Biden touts support for global alliances

Associated Press  

WASHINGTON — Former President Donald Trump told an influential group of CEOs that he wants to further cut the corporate tax rate he lowered while in office, while President Joe Biden’s chief of staff separately told them that the Democratic incumbent’s emphasis on global alliances would help their businesses. Recent economic research indicates that Trump’s corporate tax cuts did boost …

​Joe Biden to propose massive tax raid on super rich and corporate America in tonight's State of the Union address with sweeping hikes including minimum corporate tax up from 15% to 21% and a 25% rate
9 months, 2 weeks ago

​Joe Biden to propose massive tax raid on super rich and corporate America in tonight's State of the Union address with sweeping hikes including minimum corporate tax up from 15% to 21% and a 25% rate

Daily Mail  

President Joe Biden plans to launch a raid on the super rich, hiking taxes for corporations and billionaires like Elon Musk and Jeff Bezos. He wants to raise the minimum corporate tax for big companies worth over $1 billion to 21 percent, up from the 15 percent he imposed earlier in his presidency. White House officials said Biden would preview …

Joe Biden and Kamala Harris release 2022 tax returns. Their salaries are…
1 year, 8 months ago

Joe Biden and Kamala Harris release 2022 tax returns. Their salaries are…

Hindustan Times  

US President Joe Biden and his wife Jill Biden released their federal tax return which showed that the couple earned almost $580,000 last year and paid an effective federal income tax rate of 23.8%. The release of tax returns comes ahead of a 2024 presidential race in which Joe Biden is expected to seek a second term. US President Joe …

Biden budget aims to cut deficits nearly $3T over 10 years
1 year, 9 months ago

Biden budget aims to cut deficits nearly $3T over 10 years

Associated Press  

WASHINGTON — President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday. Rohit Kumar, a former McConnell aide who is now an executive with the tax consultancy PwC, said Biden’s plan does matter “in terms of putting ideas out there.” He said that if Biden won a …

Biden to propose 25 percent minimum tax on US billionaires
1 year, 9 months ago

Biden to propose 25 percent minimum tax on US billionaires

Al Jazeera  

US president’s reported budget plan would also nearly double capital gains tax on investments. United States President Joe Biden will call on Congress to impose a 25 percent minimum tax on billionaires as part of a series of proposed tax hikes on wealthy individuals and corporations, according to a US media report. Biden’s proposed spending plan would also nearly double …

White House, Dems hurriedly reworking $2 trillion Biden plan
3 years, 2 months ago

White House, Dems hurriedly reworking $2 trillion Biden plan

Associated Press  

WASHINGTON — The White House and Democrats are hurriedly reworking key aspects of President Joe Biden’s $2 trillion domestic policy plan, trimming the social services and climate change programs and rethinking new taxes on corporations and the wealthy to pay for a scaled-back package. Biden later said the discussions are “down to four or five issues.” On one issue — …

Sinema’s opposition to raising the corporate tax rate leaves White House scrambling to pay for Biden’s agenda
3 years, 2 months ago

Sinema’s opposition to raising the corporate tax rate leaves White House scrambling to pay for Biden’s agenda

CNN  

CNN — Top Biden administration officials are now weighing a range of different ideas to finance a sweeping economic and climate package as opposition from Democratic Sen. Kyrsten Sinema has thrown initial plans to raise the corporate tax rate into doubt, according to two people familiar with the matter. While top administration officials regularly check in with key committee chairs, …

Democrats seek corporate, wealthy tax hikes for $3.5T plan
3 years, 3 months ago

Democrats seek corporate, wealthy tax hikes for $3.5T plan

Associated Press  

WASHINGTON — House Democrats unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. Rep. Richard Neal, D-Mass., the chairman of the tax-writing Ways & Means Committee, said Monday the proposals, …

Democrats seek corporate, wealthy tax hikes for $3.5T plan
3 years, 3 months ago

Democrats seek corporate, wealthy tax hikes for $3.5T plan

Associated Press  

WASHINGTON — House Democrats unveiled a sweeping proposal Monday for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. Rep. Richard Neal, D-Mass., the chairman of the tax-writing Ways & Means Committee, said the proposals, …

Democrats Hope To Undo Many Trump Tax Cuts To Fund Biden's $3.5 Trillion Budget Plan
3 years, 3 months ago

Democrats Hope To Undo Many Trump Tax Cuts To Fund Biden's $3.5 Trillion Budget Plan

NPR  

Democrats Hope To Undo Many Trump Tax Cuts To Fund Biden's $3.5 Trillion Budget Plan Enlarge this image toggle caption Drew Angerer/Getty Images Drew Angerer/Getty Images Democrats hope to unwind many of the tax cuts Republicans enacted under former President Donald Trump as a way to pay for the majority of the $3.5 trillion spending bill currently under consideration in …

Democrats look to hike taxes on the rich and corporations to pay for $3.5 trillion budget bill
3 years, 3 months ago

Democrats look to hike taxes on the rich and corporations to pay for $3.5 trillion budget bill

CNN  

CNN — House Democrats want to increase taxes on wealthy Americans and corporations to pay for their sweeping $3.5 trillion budget package. The draft proposal, which could still change before it is expected to be officially released Monday, calls for increasing the top marginal rate on individuals to 39.6%, up from the 37% rate set by the Republicans’ 2017 tax …

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