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Democrats Want to Raise Taxes. Here’s Your To-Do List.
Consider making these moves before year-end to stay ahead of Uncle Sam
ILLUSTRATION: KIERSTEN ESSENPREIS
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Sept. 17, 2021 5:30 am ET
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This week Democrats on the House Ways and Means Committee voted to advance dozens of proposed tax changes. Some are tax increases that would raise more than $2 trillion of revenue to help fund the party’s priorities.
The final shape of the bill and the fate of specific provisions are far from clear. Democrats have a slim majority in the House and a slimmer one in the Senate, while Republicans are almost uniformly opposed to the changes. Further wrangling could come on the House floor, and then the Senate gets its shot.
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