5 Things to Know About the Democrats' Tax Proposals

Contributing sentiments towards policy:

55% : The expanded CTC, along with other more substantial tax credits, would increase after-tax incomes for the bottom 20% of while costing about $1 trillion.
50% : At the Tax Foundation, we have that filers outside of the bottom 20% of earners (or those earning more than roughly $20,000 a year) would experience lower after-tax incomes due to the economic impact of the tax increases, averaging a decline of (or about $970).
47% : Along with a new top corporate tax rate of 26.5%, the proposal would increase taxes paid by with business abroad.
32% : About half of the revenue raisers in the Ways and Means plan comes from raising taxes on corporations, echoing President Biden's argument that they must "pay their fair share.

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