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.
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.
