House vote on $3.5 trillion budget raises prospect of higher taxes on the rich

[NewsFeeder]

House vote on $3.5 trillion budget raises prospect of higher taxes on the rich

House Democrats approved a $3.5 trillion budget framework on Tuesday. The maneuver clears the way for a formal bill that will likely raise taxes on the wealthy.

More @ CNBC...

 

[Bullitt]

Dead in the water.

Sen. Kyrsten Sinema’s opposition to tax increases is causing Senate Democrats to look at financing their sprawling social policy and climate package without raising tax rates on businesses, high-income individuals or capital gains, according to people familiar with the matter.

The Arizona Democrat has told lobbyists that she is opposed to any increase in those rates, according to a person familiar with her remarks, but her stance is now pushing Democrats to more seriously plan for a bill that doesn’t include those major revenue increases.

https://www.wsj.com/articles/democr...f-social-policy-and-climate-plan-11634747582?