Here's some key differences between the House Democrats' tax plan and President Biden's plan.
Democrats want wealthy Americans and corporations to pay higher taxes in order to help finance a $3.5 trillion budget that includes paid family leave, child care and other social spending programs.
That’s according to proposals released by the House Ways and Means Committee on Monday. The influential group of lawmakers propose a hike in capital-gains taxes and other tax code tweaks that would seek to collect more from wealth taxpayers — but that are less dramatic than tax hikes proposed by President Joe Biden, experts say.
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