Inside Democrats' tax-hike menu
Posted on AllSides September 16th, 2021
From The Left
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%,...