Top Earners, Businesses Likely to See Tax Increases
Link Copied Democrats in Washington have a big wish list: major investments in all kinds of infrastructure from broadband, to sewer and water systems, to upgrading childcare facilities; a further expansion of the Affordable Care Act to give more people access to healthcare; and expanding the child tax credit on a permanent basis. Of course, all these priorities cost a lot of money. In fact, Morningstar estimates that simply extending the major tax provisions in the recently passed COVID-relief package, called the American Rescue Plan Act of 2021, would reduce federal tax revenue by around $...
Source: morningstar.com