Democrats' propose top tax rate of 39.6% - here's who would pay it

Posted on AllSides September 14th, 2021
From The Right

House Democrats on Monday unveiled a proposal to raise taxes on the top sliver of U.S. households, part of a sweeping plan to overhaul the nation's tax code in order to fund President Biden's ambitious $3.5 trillion family and climate plan. 

Under the plan released by the House Ways and Means Committee, the top individual income rate would climb to 39.6% for the wealthiest individuals and families. The proposal rolls back a key part of Republicans' 2017 tax overhaul, which lowered the top individual income rate to 37%.

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