Cost of Democrats' Corporate-Tax Increase Skews to Wealthy, Reaches Middle Class

1 week ago 77

WASHINGTON—When Congress raises firm taxes, companies nonstop wealth to the Internal Revenue Service. The economic interaction doesn’t end there.

What happens next—and however overmuch of that higher taxation load falls connected workers—is astatine the halfway of the Senate statement implicit Democrats’ fiscal agenda. Republicans and concern groups, who reason the proposal, constituent to authoritative estimates showing taxation increases for middle-income households.

Read Entire Article