Income taxes

Next week's $500 million taxable revenue bond deal is backed by a 1% surcharge on annual incomes higher than $1 million.

More than half of the benefit of repealing the $10,000 deduction cap for state and local taxes would go to millionaires, according to Congress's nonpartisan tax scorekeeper.

The Republican push to lower the corporate tax rate is already having an impact on banks and other investors in low-income housing tax credits.