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Biggest Tax Hike on Wealthy Since 1993 Bogs Down in Congress (1)

Aug. 20, 2021, 3:13 PM

Wealthy Americans wondering how much more taxes they’ll owe after Democrats pass their sweeping social-spending package may have to wait until deep into the fall, or later, to find out.

The tax-writing panels in the House and Senate had until Sept. 15 to finish writing the details of what would amount to the biggest tax-hike package since 1993. Those details are part of a legislative push that incorporates Democrats’ plans for ramping up spending on initiatives including health, child care and clean energy.

They’re almost certain to miss that deadline.

First off, lawmakers don’t yet know how big the final ...