Democrats Weigh Tax Alternatives to Fund $2 Trillion Package

, who had said lawmakers could reach a deal on a framework this week, said negotiations over the tax measures were continuing.Ms. Sinema and Sen. Joe Manchin , another key centrist, met with White House officials on Capitol Hill on Thursday.

In addition to the challenges Democrats face on raising money to pay for the bill, they are also still sorting through the spending measures in the legislation. How much funding to dedicate toward climate measures, in-home care for elderly Americans and affordable housing are all up in the air as Democrats haggle over the bill.

“There are many ways to get here, my personal view is that it’s nuts to take the corporate tax rate and higher tax rates on very wealthy individuals off the table,” said Sen. Chris Van Hollen . One of the leading alternative ideas for raising revenue comes from Sen. Ron Wyden , the chairman of the Senate Finance Committee. The plan aims to redefine longstanding rules for how capital gains are taxed—for the people at the very top of the wealth distribution.

For example, consider someone who was worth $100 billion at the beginning of the year and $120 billion at the end of it, all held in stock of a company they founded. Under current law, they would pay no income taxes. Under the Wyden proposal, they would pay capital-gains tax rates—currently 23.8%—on that $20 billion gain. That annual valuation is called a mark-to-market approach.

Here’s your reminder Arizona law allows senators to be recalled after the first 6 months. Get to work Arizona democrats

Don’t kid yourself, she was paid very very very well by big Pharma and rich Republicans to take that position. She has sold her votes to the highest contributor.

She’s in their pockets

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