In his most forceful pandemic actions and words, President Joe Biden announces sweeping new federal vaccine requirements in an all-out effort to increase COVID-19 vaccinations and curb the surging delta variant. WASHINGTON — House Democrats unveiled Monday a series of proposals to fund the party's upcoming priorities with a series of tax hikes on the wealthiest Americans and corporations.
, raising the rate from 21% to 26.5% for corporations that have more than $5 million in annual revenue, while lowering it to 18% for companies that make less than $400,000 in revenue.The changes for the country's wealthiest companies are not as high as the 28% proposed by President Joe Biden or the 39% rate some businesses paid before 2017. Yet a pivotal swing vote in the Senate, Sen. Joe Manchin, D-W.Va., has said he will only support a 25% corporate tax rate.
The capital gains rate would increase from 20% to 25% for high-income earners, according to the plan. Individuals would experience the rate at $400,000; households at $425,000; and married couples at $450,000.
Meanwhile..
the DNC will raise more taxes on wealthy people after they pocket most of it themselves which leads to more raised taxes with the promise of the money going to infrastructure, schools etc. it's bullcrap.
The owners of this news outlet stand to lose money over this. So the reporting on it will be slanted against it.
thats not even wealthy incomes anymore when accounting for the rate of inflation from their money printing