House Democrats may propose raising corporate tax rate to 26.5%

WASHINGTON — Home Democrats count on to suggest elevating the company tax fee to 26.5% from 21% and imposing a 3 percentage-point surtax on particular person revenue above $5 million, in response to a Home Democratic aide aware of the plans.

The tax will increase can be a part of the Home Methods and Means Committee’s plans to pay for the get together’s priorities in a fast-moving finances invoice. These objects embody an expanded child tax credit, a nationwide paid-leave program and renewable-energy tax breaks. | Home Democrats could suggest elevating company tax fee to 26.5%


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