To pay for the budget reconciliation package, there will be a 15 percent corporate minimum tax on large companies. It also includes a five percent individual income tax surcharge on those with an adjusted gross income of $10 million and higher and an additional three percent surtax for an AGI above $25 million. The size of the Internal Revenue Service will double to increase enforcement. The previous proposals, including the elimination of stepped-up basis and changes to the estate tax, are not in the current plan.
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