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The proposal aims to collect more revenue from the largest U.S companies that are earning more than they did before the pandemic and war in Ukraine.
March 28 -
Sen. Bernie Sanders is working on a proposal to set an income threshold for an unlimited state and local tax deduction.
November 17 -
Democrats are also uniting behind a plan to muscle through a broader budget resolution to carry the party’s priorities.
July 29 -
President Joe Biden urged Senate Democrats to act boldly on his sweeping social and economic agenda Wednesday, as they began hashing out details of an $3.5 trillion tax and spending agreement that marks a crucial step forward for his plan.
July 15 -
Senate Democrats on the Budget Committee agreed to set a $3.5 trillion top-line spending level for a bill to carry most of President Joe Biden’s economic agenda into law without Republican support, bridging divisions — for now — among some party factions.
July 14 -
Lawmakers remain divided on the size and scope of the fast-track budget reconciliation bill intended to include a raft of social spending and tax increases.
July 13 -
Senate Budget Committee Chairman Bernie Sanders is proposing to partially revive the federal deduction for state and local taxes in an draft outline of a budget resolution designed to fast-track much of President Joe Biden’s economic agenda.
June 23 -
The Senate Budget Committee chairman wants to raise the corporate tax rate to 35 percent.
March 25 -
Companies that pay their chief executives at least 50 times more than the typical employee would face higher taxes under a new bill offered Wednesday by Senators Bernie Sanders and Elizabeth Warren.
March 17 -
Two Senate committee chiefs are looking at ways to raise taxes on companies paying workers less than $15 an hour, as part of a new strategy to include President Joe Biden’s push to boost the minimum wage to that level in his COVID-19 aid bill.
February 26