🌟 [ 132 ]   Democrats Attempt Appeal to Moderates by Slimming Biden Tax Plan [ @Bloomberg Quicktake: Now ]

House Democrats have drafted a package of tax increases that falls short of President Joe Biden’s ambition, an acknowledgment of how politically precarious the White House’s $3.5 trillion economic agenda is for party moderates. The Democratic proposal would raise the top corporate tax rate from 21% to 26.5%, less than the 28% Biden had sought, people familiar with the matter said Sunday night. The top rate on capital gains would rise from 20% to 25%, instead of the 39.6% Biden proposed, the people said. The package of proposals, estimated to raise more than $2 trillion, are slimmed down to appeal to business-minded Democrats, many of whom hail from swing districts. And Democratic leaders, who need the party’s full support to push Biden’s agenda through Congress, will almost certainly pare them down further in the weeks ahead. Subscribe to our YouTube channel: [ 🔗 Click ‼️ ] Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit [ 🔗 Click ‼️ ] or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Connect with us on… YouTube: [ 🔗 Click ‼️ ] Breaking News on YouTube: [ 🔗 Click ‼️ ] .​ Twitter: [ 🔗 Click ‼️ ] Facebook: [ 🔗 Click ‼️ ] Instagram: [ 🔗 Click ‼️ ]

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🌈 🔎 DemocratsAttemptAppealtoModeratesbySlimmingBidenTaxPlan 🌈