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The AU Times

Dems are changing some tax provisions while they are done with the economic bill

Democrats have reduced some of their proposed minimum corporate taxes and made other changes to their mammoth economic bill, Senate Majority Leader Chuck Schumer said Friday, as they headed for a campaign season win over President Joe Biden on his domestic agenda. . In an unusual look at closed-door negotiations, Schumer, DN.Y., said Democrats dropped a proposed tax hike for hedge fund executives after D-Ariz. central centrist senator Kyrsten Sinema said she would vote “no.” Schumer said instead, the measure now has a new tax — which others said will be 1% — on the shares companies buy back from their own stock, bringing much more revenue to the government.

The wild story of how 87 golfers made the cut at the Wyndham Championship – The AU Times

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