WASHINGTON—House Democrats expect to propose raising the corporate tax rate to 26.5% from 21% and imposing a 3-percentage-point surtax on individual income above $5 million, according to two House Democratic aides familiar with the plans.
The tax increases would be part of the House Ways and Means Committee’s plans to pay for the party’s priorities in a fast-moving budget bill. Those items include an expanded
'Considering' is the word
Tax tax tax!
They should consider taxing religious organizations, especially ones with schools that get government funding.
TheresaSchroe14 Take it to 30% cut the MIC spending by 50% and audit the Pentagon--PASS IT. And then you might have my interest. Right now...They're still dead to me.
The raising of operate taxes is simply a macroeconomic regressive tax on the poor. Attempting to limit incomes of anyone is a terrible idea always
60 years of Welfare state begets more demand for a welfare state…
don't do it! Collect on the millionaires & billionaires who aren't paying!
To much !
House Democrats Make America Great Again
Good.
Excellent. Hopefully just a first step to an actual wealth tax.
How about we tax the churches. They benefit from services paid by American tax payers. Time for them to pay their share!
Bring. It.
Yeah why not
It should be higher.
Because these people will cause inflation and affect food costs. Poor people just want to survive they don’t care about taxes.
Good
Companies won’t lose money, less raises, lower 401k matches etc
Excellent idea but could they do it?
أربعة_طلاب اطلقوا_سراح_الطلاب عبدالملك_السنباني September11 September11th UN UNGA UNICEF USA UK
No taxation without representation
This must happen!!
A tax rate increase on millionaires would be great but, will the bill make it past the House only to die Manchin’s doorstep?
It does not matter. The thing is corporations and millonaries do not pay taxes no matter the rate. They have excelent lawyers to find the loopholes.
Assim e que é uma política fiscal que combate à desigualdade.
👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼💪🏼💪🏼💪🏼💪🏼💪🏼
They'll still pay zero so this whole 5% tax hike is bullshit
Just raise the minimum wage to $15.00 and the corporate tax rate.
AND adding the costs of weekly COVID testing.
As government ramps up socially distance from unjabbed people, what role would unjabbed people play in society and tax funding government? What tax bracket would government place unjabbed citizens?
OMG just totally outrageous! I mean a 5% increase! That’s just way too much!
More please ❗👍
Surtax is better for those making 5million and more but raising corporate tax will make US unattractive to investors.
It's a minimum that they need to focus on
Capital flight outgoing in 5, 4, 3....
They can afford it.
More import tax on Chinese products, and more domestic corporate tax, wonder where the capitals will flow.
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