While Democrats have increasingly eyed the plan as a way to win the support of Sen. Kyrsten Sinema (D-Ariz.), who has expressed opposition to increasing the corporate tax rate, some legal scholars have warned it could get struck down by the Supreme Court. And while negotiations are rapidly evolving, Democrats are considering swapping the billionaire tax for a separate 3 percent “surtax” on millionaires earning more than $5 million per year, according to two people familiar with the negotiations who spoke on the condition of anonymity to reflect internal negotiations. Details remain very much in flux.

Source: Washington Post October 26, 2021 21:42 UTC