Whose taxes are going up? White House considering 4 ways to pay for spending package

Posted on AllSides October 25th, 2021
From The Right
(AP Photo/Susan Walsh / AP Newsroom)

Congressional lawmakers are still hammering out a deal on President Biden’s multitrillion-dollar spending package that would boost funding for infrastructure and clean energy, along with social spending initiatives.

The president said this week he has agreed to cut the mammoth $3.5 trillion price tag, and reports have suggested lawmakers will land somewhere between $1.75 trillion and $1.9 trillion.

But some Democratic legislators, like Sen. Kyrsten Sinema, D-Az., have said they will not agree to a package that includes tax hikes on corporations and high earners.

Here’s how the Biden administration has proposed paying for the package:

Minimum corporate...

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https://www.foxbusiness.com/politics/white-house-tax-hikes-spending-package

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