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Democrats Release Details of Proposed Tax Increase

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Home Democrats detailed their proposed tax will increase on Monday, calling for elevating the company tax fee to 26.5% from 21%, a 3-percentage-point surtax on high earners and a capital-gains tax improve.

Lawmakers plan to vote this week within the Home Methods and Means Committee on the proposals, which might elevate trillions of {dollars} from firms and high-income households.

https://www.wsj.com/articles/democrats-release-details-of-tax-increase-11631539532?mod=pls_whats_news_us_business_f | Democrats Launch Particulars of Proposed Tax Enhance

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