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Tax the rich’ plans at risk as Democrats’ talks drag on

admin by admin
October 22, 2021
in Tax
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The “cow tax” chain of misinformation

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But, he added, only Biden, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer know for sure the exact status of the tax increases, which have come into intense focus in the last few days.
The White House reiterated Thursday that the package has to be paid for.
“It has to be paid for. And we want to make sure that the wealthiest among us, the billionaires and the big corporations, pay their fair share. That’s only right,” said Karine Jean-Pierre, White House principal deputy press secretary.
Sinema is particularly opposed to raising the corporate tax rate and the highest marginal income tax rate for individuals. But she has agreed to other provisions involving taxes on the wealthy and big companies, which would fully pay for a slimmed down package, CNN has reported.
Raising multiple levies on the rich and big companies also served as the main vehicle to pay for the massive budget reconciliation package.
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