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.
