(Teleborsa) – Increase oftax rate 37% to 39% for all Americans with a higher income to $ 435,000 and an increase incorporation tax 26.5% (now 21%) for large companies – with earnings over $ 5 million – compared to the 28% originally proposed by President Biden. They are the proposals contained in a draft circulated by a very influential group of Democrats in the Chamber of Deputies yesterday and which should collect a total of 2.9 trillion in new taxes.
As for the smaller companies they should not see their fees vary but may indeed see them reduced based on the plan. “Many elements of the new draft scale back the more ambitious tax increases requested by Biden earlier this year. But the ideas taken together amount to a significant loosening of the cuts tax implemented by Republicans under former President Donald Trump four years ago, ”noted the Washington Post, noting that the proposal received praise from the White House.
In proposal in fact, there is also a lower than expected increase in capital gain rate paid by investors which would go from 20% to 25%. Biden’s plan had suggested doubling the capital gain rate. In exchange, however, the plan of the Democratic deputies also included a new “superimposed on high-income individuals “for Americans earning more than $ 5 million, a measure that according to the signatories would raise more than 127 billion dollars.
(Photo: Kmccoy )