Political and Legislative
The Senate and House Democrats Clash Over a $3.5 Trillion Tax Package
A rift is starting to emerge between the chairmen of the two tax-writing committees on Capitol Hill over the size and details of Democratic plans to pay for President Biden’s broad economic agenda.
Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Richard Neal (D-Mass.) are taking different approaches to laying out the funding mechanisms designed to fuel a $3.5 trillion Democratic-only bill.
Wyden has put out much more detail about what’s under consideration for the Senate’s tax plan and has announced publicly that he’s ready to raise whatever amount is needed in taxes to pay for the spending package.
