Democrats Weigh Tax Alternatives to Fund $2 Trillion Package

Posted on AllSides October 22nd, 2021
From The Center
federal budget, Build Back Better, budget reconciliation, taxes, Senate Democrats
PHOTO: SARAH SILBIGER/BLOOMBERG NEWS

Democrats worked to quickly find new sources of revenue to pay for their roughly $2 trillion social-policy and climate package, seeking to target businesses and wealthy individuals in novel ways after proposed rate increases ran aground in talks.

The continued opposition by Sen. Kyrsten Sinema (D., Ariz.) to any increases in top marginal rates on corporations, individuals or capital gains has emerged as a major hurdle in the party’s quest to reach a new framework on the legislation. A person familiar with Ms. Sinema’s thinking said she has agreed to enough alternative...

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https://www.wsj.com/articles/democrats-weigh-tax-alternatives-to-fund-2-trillion-package-11634847034

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