U.S. House panel advances Democrats’ plan to raise taxes on the wealthy, corporations By Reuters
WASHINGTON (Reuters) – The U.S. House Ways and Means Committee voted on Wednesday to advance legislation to raise taxes on wealthy Americans and corporations to help fund President Joe Biden’s $3.5 trillion in spending on childcare, education, housing and green energy.
The Democratic-dominated panel voted 24-19 to approve revenue-related sections of the “reconciliation” bill. They reported the bills out of committee for House negotiation, and then a floor vote.
As did all Republicans, Representative Stephanie Murphy was also a lone Democrat who voted against the bill.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.