Senate Finance Chair Ron Wyden said committee Democrats left a meeting on next year’s tax battle aligned on the need for wealthy individuals and multinational corporations to pay more in taxes.
Wyden, D-Ore., said he would work with other Democrats on the panel to come up with a “menu” of possible revenue raisers, as preparations heat up for next year’s expiration of many provisions in the 2017 tax law. It’s the same approach Wyden used ahead of what became the 2022 health care and clean energy budget law.
“The menu means that we’re doing our homework. We’re coming up with smart, cost-effective ways to close loopholes,” Wyden said Thursday. “Make no mistake about it: When we do, we’re going to look at ways to get that help to areas that really need it, like housing and child care, and billionaires and multinational companies are going to pay their fair share.”
