<p>Center for American Progress Lists Extra Tax Options for Wealthy</p>

Center for American Progress Lists Extra Tax Options for Wealthy

Center for American Progress

In addition to proposals made by the Biden administration for increasing taxes on the wealthy and corporations, lawmakers should consider phasing out the passthrough deduction for those earning over $400,000, imposing a very-high-income surtax, and limiting tax expenditures, the Center for American Progress said in a September report.

<p>In addition to proposals made by the Biden administration for increasing taxes on the wealthy and corporations, lawmakers should consider phasing out the passthrough deduction for those earning over $400,000, imposing a very-high-income surtax, and limiting tax expenditures, the Center for American Progress said in a September report.</p>