Democrats release details of proposed tax increase

Posted

House Democrats detailed their proposed tax increases on Monday, calling for raising the corporate tax rate to 26.5% from 21%, a 3-percentage-point surtax on top earners and a capital-gains tax increase. ...

The measure does include some tax breaks. It would delay a tax increase slated to start next year that would have hurt companies with significant research expenses. Local newspapers would get a new payroll tax credit for employing journalists.

Click here to read more. (subscription required)

Comments

No comments on this story | Please log in to comment by clicking here