Biden urges Congress to hike taxes on higher income Americans to pay for $3.5T bill
The capital gains tax rate would increase to 25 percent - up from 20 percent - but that also would only impact incomes over $400,000. 1
The top corporate tax rate would increase to 26.5 percent - from 21 percent - for businesses earning over $5 million. 1
It would cap childcare expenses for most workers at 7 percent of income and subsidize 12 weeks of paid family and medical leave. 1
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