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Dec 05, 2021SUBSCRIBE NOW

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 would fall. Under the bill passed last week by the House of Representatives and now being considered by the Senate, those with incomes of $1
U.S. Congress panel corrects tax rates for wealthy under Biden's proposal
12 days ago|Washington, United States

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Yahoo News
Yahoo News

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 https://www.reuters.com/business/cop/whats-bidens-175-trillion-build-back-better-package-2021-11-05 " bill, the U.S. Congress' Joint Committee on Taxation said on Tuesday, correcting an earlier analysis that their taxes would fall. Under the bill passed last week by the House of Representatives and now being considered by the Senate,…

12 days ago|Los Angeles, United States
Reuters
ReutersC

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

WASHINGTON - 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 would fall. Under the bill passed last week by the House of Representatives and now being considered by the Senate, those with incomes of $1

12 days ago|United Kingdom
The Hill
The HillC

Biden plan would raise average tax rate for households above $1M: JCT

Households with income of at least $1 million would see their average tax rate increase in 2022 under House Democrats’ social spending and climate bill, according to a corrected report released by the Joint Committee on Taxation on Tuesday.

12 days ago|Washington, United States
Bloomberg Quint
Bloomberg Quint

Biden Bill Has Tax Cut for Mere Millionaires, Hike for Mega Rich

Biden Bill Has Tax Cut for Mere Millionaires, Hike for Mega Rich

12 days ago|
Business Insider
Business InsiderC

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.

12 days ago|United States
NBC News
NBC NewsL

Biden's safety net package would raise, not lower, taxes on millionaires, new estimates show

A nonpartisan scorekeeper originally suggested that the bill would give people making over $1 million a year a net tax cut in 2022.

12 days ago|United States
Political Wire
Political WireC

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.

12 days ago|New York, United States
Bloomberg
BloombergL

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

12 days ago|United States
Daily Kos
Daily KosL

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...

12 days ago|United States
MSNBC
MSNBCL

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.

12 days ago|United States
COVERAGE DETAILS

BIAS COVERAGE DISTRIBUTION

10 of these news sources are bias rated
5 lean LEFT, 5 are CENTER
L 50%
C 50%
Daily Kos
MSNBC
NBC News
Bloomberg
AOL
Reuters
The Hill
Business Insider
Political Wire
Devdiscourse
Total News Sources12Leaning Left5 sourcesLeaning Right0 sourcesCenter5 sourcesLast Updated11 days ago
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