The House Democratic tax plan calls for a 39.6 percent tax rate for people who earn over $400,000 or married couples who earn $450,000 jointly - up from 37 percent.
The capital gains tax rate would increase to 25 percent - up from 20 percent - but that also would only impact incomes over $400,000.
The top corporate tax rate would increase to 26.5 percent - from 21 percent - for businesses earning over $5 million.
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The massive $3.5 trillion bill would make community college free to everyone and would create universal free preschool for 3- and 4-year-olds.It would cap childcare expenses for most workers at 7 percent of income and subsidize 12 weeks of paid family and medical leave.
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