dems look to close tax loophole on pass-through firms to bolster medicare funding till 2031

[butters]

https://www.msn.com/en-us/news/poli...pc=U531&cvid=376770e6cc494348e93eab7adcb6146e

requires approval from parliamentarian, not needing any rep support to pass

Under the proposed changes, individuals who make more than $400,000 annually and couples who make more than $500,000 would have to pay a 3.8% tax on earnings from their pass-through business income.

The measure is intended to move through the Senate under special budgetary rules that require approval by the parliamentarian and would allow for passage without any Republican support in the deeply divided chamber.

According to the source, high-earning businesses, such as law firms, have found a way to claim only a small portion of their earnings and thus avoided most of the taxes they otherwise would pay.