Senate Democrats offered proposals for tighter tax rules on partnerships and an excise tax on stock buybacks
WASHINGTON—Senate Democrats offered proposals Friday for tighter tax rules on partnerships and an excise tax on stock buybacks, as lawmakers look to plug gaps in their fast-moving, $3.
5 trillionFinance Committee Chairman Ron Wyden of Oregon detailed possible changes to partnership taxation that could raise more than $172 billion over a decade. Sen. Sherrod Brown , along with Mr. Wyden, is releasing a bill that would impose a 2% excise tax on publicly traded companies’ stock buybacks.
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