"House Democrats are now writing their version of the $3.5 trillion “human infrastructure” bill, detailing all the wish-list items they mean to ram through with zero Republican votes — including a host of economy-killing tax hikes...
- The Senate blueprint for the bill, for example, moves the corporate income-tax rate to 28 percent from the 21 percent level set by the 2017 Tax Cuts and Jobs Act.
- It also follows President Joe Biden’s call to double the federal capital-gains tax.
- Meanwhile, many smaller, unincorporated biz (and middle-class taxpayers) would get hit by increases in the top personal-income-tax rate...
- The House might also take up Sen. Liz Warren’s push for a special 7 percent surtax on corporate profits above $100 million or embrace new “green” taxes on the fuels that still provide nearly all of America’s power...Read all.
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