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Sinema Agrees to Broad Tax Hike Outline to Fund Biden Agenda

Oct. 21, 2021, 10:56 PM

Senator Kyrsten Sinema has agreed to raise tax revenue from companies and the wealthy to fully fund President Joe Biden’s economic agenda, according to a person familiar with the matter.

The Arizona Democrat -- who has opposed raising rates on corporations and individuals -- will back ways of increasing revenue from domestic corporations, global companies, high net-worth individuals and through tax enforcement, according to the person who requested anonymity because the talks are private.

The specifics of what she would support weren’t immediately clear.

The tax changes would provide enough revenue to fund the roughly $2 trillion package Democrats ...

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