House Democrats expect to propose raising the corporate tax rate to 26.5% from 21% and imposing a 3 percentage-point surtax on individual income above $5 million, according to a House Democratic aide familiar with the plans.

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

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

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

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…

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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

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

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%.

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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.

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The proposal, which targets wealthy households and high-income corporations, is projected to bring in about $2.9 trillion in revenue.

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Democrats unveil tax proposals for wealthy, corporations to finance spending package

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House Democrats want to increase taxes on wealthy Americans and corporations to pay for their sweeping $3.5 trillion budget package.

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

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…

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

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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%.

House Democrats Eye 26.5% Corporate Tax Rate

House Democrats Eye 26.5% Corporate Tax Rate

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