[ad_1] WASHINGTON (AP) — The White House and congressional Democrats have agreed to a framework of options to pay for their huge, emerging social and environment bill, top Democrats said Thursday. Now they face the daunting task of narrowing the menu to tax possibilities they can pass to fund President Joe Biden’s $3.5 trillion plan.
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[ad_1] WASHINGTON — House Democrats unveiled a sweeping proposal Monday for tax hikes on big corporations and the wealthy to fund President Joe Biden’s $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. The proposed top tax rate would revert to 39.6% on
[ad_1] There’s a growing realization among Democrats that their plans for a $3.5 trillion spending package to reshape the nation’s social safety net and to tackle climate change will have to be slimmed down because of anxious centrists worried about the 2022 midterms. Democrats by and large feel confident that President BidenJoe BidenFBI releases first
[ad_1] Democrats are scrambling to craft their multitrillion-dollar social spending package while seeking to avoid any points of contention that could threaten party unity. Many key aspects of the package pertain to taxes. Democrats want to extend expansions of tax credits benefiting low- and middle-income households that were enacted under President BidenJoe BidenElder pledges to
[ad_1] Senate Democrats have assembled a laundry list of possible tax hikes to help finance their $3.5 trillion spending bonanza, according to an internal committee document obtained by The Post. Many Democrats are eager to implement the host of corporate and individual tax hikes to fund the $3.5 trillion plan, but Beltway insiders are dubious