Biden Allies Shy From Taxing Rich, Eroding Inequality Pledge (1)

President Joe Biden’s push to ramp up taxes on the wealthy is getting diluted by his Democratic allies in Congress, undermining his chances of fully delivering on his 2020 campaign pledge to curb America’s widening inequality.

A blueprint that the House Ways and Means Committee will begin voting on Tuesday, prepared by Democratic members and staff of the panel, scaled back some of the most ambitious elements of the Biden administration’s pitch released in May.

The changes reflect the political reality of a Senate that requires moderate Democrats to vote en masse for the final package, given the razor ...