Senate Dems' Infrastructure Plan Would Reverse Tax Cuts

Law360 (March 7, 2018, 4:49 PM EST) -- Senate Democrats unveiled a plan on Wednesday to raise $1 trillion to fund infrastructure projects by rolling back the tax cuts for wealthy individuals and corporations in the tax cut bill passed in December.

The proposal would raise the highest individual income tax bracket back to 39.6 percent, raise the corporate tax rate to 25 percent, end the preferential tax treatment of carried interest and bring back the estate, gift and alternative minimum taxes, according to Senate Democratic leaders. Many of those taxes were lowered or...
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