Democrats Propose Tax Increases for $3.5 Trillion Spending Package

Your Uphill team is happy to be back after a small Labor Day-induced break. Now, to the news. 

Infrastructure Month Is Back

Democrats have figured out how they intend to pay for their massive infrastructure reconciliation package: lots and lots of new taxes. 

The plan, put together by House Ways and Means Committee Chairman Richard Neal, calls for increasing the tax rates of high-income individuals, income from capital gains, and corporations. Here’s a quick breakdown: 

  • The top individual tax rate would be raised from 37 percent to 39.6 percent.

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