White House floats new tax plan to get enough Senate Democrats behind trillion dollar spending bill


white house worthy christian news(Worthy News) – The White House is considering new tax-increase plans to get enough Democrat senators to pass President Biden’s stalled multi-trillion dollar, social services and climate change package.

The plans call for scrapping a proposed big increase in corporate tax rates and instead including a new, so-called “billionaires’ tax” on the investment gains, according to the Associated Press.

The passage of Biden’s bill – now estimated at $2 trillion, compared to $3.5 trillion – faces resistance from two Senate Democrats including Arizona’s Kyrsten Sinema, who opposed the original plan to tax the country’s highest earners by undoing Trump-era tax breaks. [ Source: Just the News (Read More…) ]

17
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Lindsey Graham’s Sister Appointed to Fill His Senate Seat
Arabian Peninsula at War as Saudi Arabia and Houthis Exchange Attacks
Schumer Prepares Democrats for Another Government Shutdown Showdown
Assaults Against ICE Officers Up 1,300%, Vehicle Attacks Up 3,200%
U.S. Deploys Sea Drones in Combat for First Time, Striking Iranian Naval Base
Knesset Enshrines Torah Study as Fundamental Value in Israeli Basic Law
UN Acknowledges Hamas-Linked Interference With Humanitarian Aid in Gaza
Former Iranian President Ahmadinejad Reportedly Under House Arrest Over Alleged Mossad Contacts (Worthy News In-Depth)
Hungary’s Parliament Set To Vote On Constitutional Amendment To Remove President (Worthy News Radio)
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News