Published 3 years ago

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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Times of India

US house democrats aim to hike top corporate tax rate to 26.5%

International Business News: Leading Democrats in the US House of Representatives said on Monday they are seeking to raise the nation's top tax rate on corporations to 26.5%, up f

3 years ago·India

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Yahoo News

U.S. House Democrats seek to roll back Trump tax cuts for wealthy, corporations

Leading Democrats in the U.S. House of Representatives on Monday proposed a substantial roll-back of former President Donald Trump's tax cuts, including raising the top tax rate on corporations to 26.5% from the current 21%. Democrats on the powerful House Ways and Means Committee said they will debate legislation this week that would achieve the changes as part of their broader, $3.5 trillion domestic investment plan. In an attempt to finance t…

3 years ago·Los Angeles, 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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Reuters

U.S. House Democrats seek to roll back Trump tax cuts for wealthy, corporations

3 years ago·United Kingdom

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Associated Press News

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

WASHINGTON (AP) — 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.

3 years ago·United States

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