House Democrats eye 26.5 percent corporate tax rate | TheHill - The Hill

House Democrats are looking to raise the corporate tax rate to 26.5 percent as a way to help pay for their $3.5 trillion social spending plan, according to a Democratic source familiar with the plans.

House Democrats are also eyeing an increase in the top capital gains rate from 20 percent to 25 percent, which is significantly less of an increase than Biden proposed.

White House spokesman Andrew Bates said in a statement Sunday that the tax ideas under discussion by the Ways and Means Committee meet "two core goals" of Biden: not raising taxes on Americans making under $400,000 and reversing parts of former President TrumpDonald TrumpCapitol Police recommend disciplinary action for six officers in Jan?

Bates added that Biden looks forward to continuing to work with Ways and Means Committee Chairman Richard NealRichard Edmund NealHouse panel puts forth solar, environmental justice tax credits On The Money — The Democratic divide on taxes LIVE COVERAGE: Ways and Means begins Day 2 on .5T package MORE (D-Mass.) and Senate Finance Committee Chairman Ron WydenRonald (Ron) Lee WydenOvernight Health Care — Biden defends push for vaccine mandates On The Money — The Democratic divide on taxes Centrist House Democrats unveil rival proposal to lower drug prices MORE (D-Ore.) on advancing his economic agenda.