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Neal Suggests Democrats Could Revisit Increasing Tax Rates

Aug. 12, 2022, 5:50 PM

House Ways and Means Committee Chair Richard Neal (D-Mass.) said Friday that Democrats would be interested in raising tax rates on high-income taxpayers and corporations if they retain control of the House in the midterm elections.

“I do think that there’s a chance here to address some fundamental tax-reform issues,” Neal told reporters.

  • The House is set on Friday to pass a tax, climate and health-care package that doesn’t raise individual tax rates or the corporate tax rate, due to objections to doing so from Sen. Kyrsten Sinema (D-Ariz.). A wider-ranging version of the bill approved by the ...