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 higher corporate tax rate mentioned in the text?

What additional surcharge was proposed for individuals making more than $5 million a year?

What is the total price tag of the proposed bill?

How might the bill potentially pay for itself according to the text?

What concern did Senator Mark Warner express regarding the bill?