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Scoop: Manchin waffles on billionaire tax

admin by admin
October 27, 2021
in Tax
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Does the IRS really want to spy on your bank account? The latest tax fight explained

The “billionaire tax” and other revenues Democrats want to pay for President Biden’s $2 trillion social safety net expansion are about to face a math test from a notoriously hard grader: the Joint Committee on Taxation.

The last 24 hours have somehow been confusing and clarifying about the state of major climate legislation at the same time.

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The White House is privately telling lawmakers the climate portion of President Biden’s roughly $2 trillion social spending plan is “mostly settled” and will likely cost more than $500 billion, two sources familiar with the talks tell Axios.

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