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U.S. House Democrats Proposing 26.5% Corporate Tax Rate and Other Measures Under Budget Reconciliation

14 September 2021

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Proposed Changes

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United States

U.S. House Ways and Means Committee Chairman Richard E. Neal (D-MA) has announced that the Committee will continue consideration of legislative proposals under the budget reconciliation instructions on 14 and 15 September 2021. This includes several tax reform proposals from House Democrats for the Build Back Better Act. The main corporate and international tax reform proposals are provided in a section-by-section overview of the proposals as follows. Several other proposals are also included to increase the taxation of high-income individuals, modify the rules for retirement plans, fund the IRS, and improve taxpayer compliance. --- Subpart A – Corporate Tax Rate...