26.5%. That is the new Corporate Tax Rate if the Democrats get their way, up from the current 21% that none of them pay anyway.  On the personal side, if you are making over $5M per year, there will be a 3% surcharge but there will be no "Death Tax" increase so you can still take it with you when you go.  Oil and Gas Companies successfully lobbied to keep their tax breaks and Banks are still being given a full year to move money around to avoid taxes – something that was supposed to be stopped .   Democrats plan a committee vote this week  on the proposals , which would generate more than $2 Trillion  that would go toward expanding Medicare , increasing renewable-energy tax breaks and creating a national paid-leave program, among other items.  They are also are looking elsewhere to cover the rest of the $3.5Tn spending and tax-cut agenda they aim to pass this fall.  Long-Term Capital gains are set to go from 20% to 25% but not the 39.6% Biden had asked for.   The proposal  will test Democrats’ willingness to raise taxes , and its pieces are designed to hit those above the $400,000 annual income dividing line that President Biden set during last year’s campaign.  Keep in mind, the Corporate Tax Rate in 2016 was 35% and we have more than doubled our National Debt since reducing it, so 26.5% is a half-measure at best. The key takeaway is that, if this is passed , we are essentially chopping 5.5% off Corporate Net Income – that's going to sting – even after the cheating brings that number down further.  The goal of the plan is to pay for the Democrats' $3.5Tn 10-year spending bill but it "only" raises $1Tn from Corporations and $1Tn from individuals and, as usual, the normal BS about how the taxes and spending bill will grow the ecomomy and "pay for themselves".   Where have we heard that before?    Everyone knows, if you want to grow the economy – unleash a Global Pandemic.  It certainly seems to be working so far, doesn't it?     IN PROGRESS