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House Democrats Eye 26.5% Corporate Tax Rate

Summary by Ground News

House Democrats are expected to propose raising the U.S. corporate tax rate to 26.5% from 21%. Democrats are also expected to proposing a 3% surtax on individual income above $5 million. They are also considering raising the minimum tax on U.s. companies’ foreign income to 16.5%.

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Fox News

Democrats propose tax hikes to pay for their $3.5 trillion spending bill

House Minority Leader Kevin McCarthy explains the problems with the Democrats' massive spending bill and warns they are trying to transform America into a more socialist country.

3 years ago·New York, United States

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abc News

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

House Democrats have unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan

3 years ago·United States

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WKMG

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

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.The proposed top tax rate would revert to 39.6% on individuals earning more than $400,000, or $450,000 for couples, and there would be a 3% tax on wealthier Americans with adjusted inc…

3 years ago·Orlando, United States

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KRDO

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

By LISA MASCARO and MARCY GORDON Associated PressWASHINGTON (AP) — House Democrats have unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan. Congress is speeding ahead to shape the far-reaching package that touches almost all aspects of domestic life. The proposed top tax rate would revert to 39.6% on individuals earning more than $400,000, or $450,000 for cou…

3 years ago·Colorado Springs, United States

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KIFI

Democrats seek corporate, wealthy tax hikes for $3.5T plan - Local News 8

3 years ago·Idaho Falls, United States

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The Independent

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

House Democrats have unveiled a sweeping proposal for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan

3 years ago·London, United Kingdom

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