Tax Proposals Hit Headwinds as Democrats Try to Finalize Social-Spending Deal

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Tax Proposals Hit Headwinds as Democrats Try to Finalize Social-Spending Deal
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Biden hosted House Democrats at the White House Tuesday to discuss their $1.75 trillion social-spending and climate package, with some Democrats continuing to insist a framework deal was still possible

Democrats have scrambled for days to find hundreds of billions of dollars of new revenue acceptable to Sen.

Kyrsten Sinema ,in the top marginal rates on companies, capital gains and personal income that the party planned to rely on to finance the bill. With Republicans opposed to the package, Democrats need unanimous support to pass the legislation in the 50-50 Senate and can afford to lose only a few votes in the House.

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