Powerful Senate and House Democrats are pushing back against efforts to ditch the return of state and local taxes on federal taxes.
Congressional Democrats are weighing a new tax on the income and assets of the nation’s leading billionaires — a provision many believe can help get President Biden’s multi-trillion-dollar expansion of the federal safety net across the finish line. Senate Finance Committee Chairman Ron Wyden, an Oregon Democrat, is drafting the
Retiree Donna Weiner of Longwood, Florida, shows some of the daily prescription medications she needs and for which pays over $6,000 a year through a Medicare prescription drug plan. Weiner supports giving Medicare authority to negotiate drug prices. | Phelan M. Ebenhack / AP
Michael RaineyOctober 21, 2021Raising tax rates on corporations and high-income households is a key part of Democrats’ plan to pay for their
Responding to concerns from a key centrist, Senator Kyrsten Sinema of Arizona, the White House and leading Democrats are instead discussing a range of other taxes to pay for the plan.
President Biden used a speech in his childhood hometown of Scranton, Pa., to drive home the argument for his economic agenda on Wednesday as Democrats hash out cuts to a multitrillion-dollar social spending bill in their
Congress returns this week to face another self-imposed and unnecessary deadline: getting the budget reconciliation bill that will include whichever parts of President Biden’s Build Back Better plan Sens. Joe Manchin and Kyrsten Sinema haven’t vetoed (on behalf of the corporate interests that sponsor them) passed by the end of the month.
President Joe Biden, tacitly siding with the majority of Democrats and progressives, told House Democrats on Friday to take the time necessary to find a deal on the budget reconciliation package, the large part of his human infrastructure package, but asked them to scale down from $3.5 trillion. That means also delaying a vote on the Senate-passed bipartisan hard infrastructure bill—the bill Blue Dogs had been insisting must be passed immediately, despite the months-long commitment from...
NPR's Ari Shapiro speaks with Washington State Congresswoman Pramila Jayapal about negotiations with President Biden over the infrastructure bill and reconciliation package.
Working families will see fewer jobs, higher prices, lower wages and reduced life savings under the Democrats' tax hike plan.