House Democrats have proposed a plan to boost international taxes for U.S. multinational companies that is more moderate than the other Democratic plans on the table.
The international-tax plan is part of a broader revenue-raising package aimed at supporting Democrats’ $3.5 trillion spending proposals, which includes measures to fight climate change, create jobs, and spur economic development.
The plan from Democrats on the House Ways and Means Committee, released Monday, differs in some respects compared to the plans offered by President Joe Biden and Senate Finance Committee Chairman Ron Wyden (D-Ore.). The House plan proposes a smaller ...
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