President Joe Biden has expressed his desire to have corporations and wealthy Americans pay their fair share of taxes as Democrats look to finance his infrastructure plan and $3.5 trillion reconciliation bill.
The House Ways and Means Committee moved forward the tax portion of their social safety net bill. Under the plan, the top individual income tax bracket would increase to 39.6% from 37%. The committee's plan would increase the long-term capital gains tax rate to 25% from 20% on individuals with an income over $400,000 and married couples with an income over $450,000.
Ben Jealous, president of People For the American Way, and senior fellow with the Brookings Metropolitan Policy Program, Andre Perry, join Charles Blow on “Prime” to discuss the proposals.
All this and more on “Prime.”
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