Democrats Float Partnership, Buyback Taxes to Fund $3.5 Trillion Spending Plan

Democrats Float Partnership, Buyback Taxes to Fund $3.5 Trillion Spending Plan

WASHINGTON — Senate Democrats on Friday offered proposals for tighter tax rules on partnerships and excise taxes on stock buybacks, as lawmakers seek to plug gaps in their fast-growing, $3.5 trillion health care, education and climate legislation.

Oregon’s Finance Committee Chairman Ron Wyden elaborates on potential changes partnership taxation Which could raise more than $172 billion in a decade. Sen. Sherrod Brown (D., Ohio), along with Mr. Weiden, is issuing a bill that would impose a 2% excise duty on stock buybacks of publicly traded companies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here