House Democrats’ Tax Plan Includes 26.5% Top Corporate Rate

The video discusses proposed changes to corporate and capital gains tax rates, which are lower than initially requested by President Biden. Additional proposals include a 3% surcharge on high earners, expected to generate $127 billion. The overall budget goal is $3.5 trillion, with dynamic scoring potentially covering the cost through economic growth. Political challenges arise as some senators, like Joe Manchin and Mark Warner, express concerns over the budget and demand more funding for affordable housing.

What is the proposed new corporate tax rate mentioned in the video?

• 21%

• 26.5%

• 30%

• 28%

What additional tax measure was introduced for high earners?

• A 2% surcharge on incomes over $10 million

• A 3% surcharge on incomes over $5 million

• A 4% surcharge on incomes over $2 million

• A 5% surcharge on incomes over $1 million

What is the total price tag of the proposed tax changes before considering dynamic scoring?

• $2.5 trillion

• $3.5 trillion

• $2.9 trillion

• $3.0 trillion

What is dynamic scoring in the context of the proposed tax bill?

• A method to reduce taxes for corporations

• A way to calculate the bill's impact on economic growth

• A strategy to increase government spending

• A technique to lower the national debt

Which senator expressed concerns about the lack of funding for affordable housing?

• Senator Bernie Sanders

• Senator Mark Warner

• Senator Joe Manchin

• Senator Elizabeth Warren