U.S. Congress panel corrects tax rates for wealthy under Biden's proposal

Build Back Better, now with higher taxes on the wealthy!

The nonpartisan Joint Committee on Taxation tweeted out this low-key correction to its previous analysis on the House’s Build Back Better bill and the tax provisions included in it. “The staff of the Joint Committee on Taxation has discovered an error...

Actually, Millionaires Get a Tax Increase

The Joint Committee on Taxation corrected a report that had suggested the Build Back Better Act would give millionaires a net tax cut in 2022.In fact, millionaires' average tax rate goes up by 3.2 percentage points in 2022 and by more in later years.

U.S. Congress panel corrects tax rates for wealthy under Biden's proposal

US Domestic News Roundup: U.S. Congress panel corrects tax rates for wealthy under Biden's proposal; Fauci says vast majority of vaccinated Americans should get a COVID-19 booster and more

These included Travis McMichael, the only defendant to take the witness stand, who said he fired his shotgun into Arbery in self defense. U.S. Congress panel corrects tax rates for wealthy under Biden's proposal Americans with incomes over $1 million would see their taxes rise under President Joe Biden's "Build Back Better" bill, the U.S. Congress' Joint Committee on Taxation said on Tuesday, correcting an earlier analysis that their taxes wou…

Democrats are actually raising taxes on the ultrawealthy, even though they're keeping a Trump tax cut

The Joint Committee on Taxation first said Biden's economic plan will cut taxes for the rich, but in a major correction, said it will do the opposite.

A congressional correction: Dems' plan would raise taxes on millionaires

Remember the headlines about the Build Back Better bill lowering taxes on millionaires? That was based on an analysis that turned out to be wrong.