Biden Spending Bill Would Raise Tax Rate for Households Above $1M: JCT

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A corrected report by the Joint Committee on Taxation said Tuesday that House Democrats' social spending and climate bill would result in households with income of at least $1 million seeing a tax increase, not a decrease as previously stated.

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A corrected report by the Joint Committee on Taxation said Tuesday that House Democrats' social spending and climate bill would result in households with income of at least $1 million seeing a tax increase, not a decrease as previously stated.Original Article

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