Top Democrats In Congress To Release Unapologetically Progressive Tax Plan

In a sharp departure from party leaders’ proposals over the last few years, Rep. Chris Van Hollen (D-MD) today announced an action plan to create, in his words, “the kind of economy where the pie is growing and everyone is getting a better slice.” Van Hollen, the senior Democrat on the House Budget Committee, plans to introduce a series of proposals to create or expand tax breaks for child care, apprenticeship programs, middle class working couples, those who save for retirement, and companies that raise worker wages, while at the same time scaling back the tax break corporations currently claim for CEO bonuses. The plan would be funded by a tax on Wall Street — a tiny fraction of a percentage levied on trades in… Read more…

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