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Inside Democrats' tax-hike menu

Posted on AllSides September 16th, 2021
From The Left
(Photo: Tom Williams/CQ Roll Call)

House Democrats will consider as much as $2.9 trillion in tax hikes for the next 10 years — mostly on the extremely wealthy and corporate America — as they scramble for ways to pay for President Biden's $3.5 trillion infrastructure and social spending plan.

Why it matters: A draft proposal from the Ways and Means Committee, which ricocheted across Washington Sunday night, previews epic fall fights between Democrats and some of the best-armed lobbies in America.

Driving the news: The summary, first reported by The Washington Post, includes a top personal rate of 39.6%,...

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https://www.axios.com/democrats-tax-increases-wealthy-5de1ce55-a92e-433a-8481-bfddcd23f1a8.html

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