'Billionaires tax' tension threatens to sap Dems' momentum for $1T-plus deal

.cms-textAlign-left{text-align:left;}.cms-textAlign-center{text-align:center;}.cms-textAlign-right{text-align:right;}.cms-magazineStyles-smallCaps{font-variant:small-caps;}

Speaker Nancy Pelosi and her Democratic leadership team are confronting a new wrinkle in their social spending talks as they ramp up their sales pitch to their caucus: a proposed tax on billionaires.

The idea is straightforward enough. In the final days of frenetic dealmaking on the party’s roughly $1.5 trillion spending bill, Senate Democrats are hoping to use the billionaires tax as a partial financing replacement for tax increases opposed by moderate Sen. Kyrsten Sinema (D-Ariz.).

→ Continue reading at Politico

[ufc-fb-comments url="http://www.newyorkmetropolitan.com/news/billionaires-tax-tension-threatens-to-sap-dems-momentum-for-1t-plus-deal"]

Latest Articles

Related Articles