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Taxes on Rich Test Democrats’ Unity on Biden Economic Agenda (1)

Aug. 27, 2021, 12:04 PM

Moderate and progressive Democrats are on a collision course over how to pay for President Joe Biden’s economic agenda, a disagreement that has the potential to stall the legislation or sink it entirely.

Biden has proposed an ambitious set of tax increases on wealthy households and corporations to pay for trillions of dollars in new spending. Congressional Democrats have set in motion a $3.5 trillion legislative vehicle to vastly expand the government’s role in health care, climate change, child care and education.

Taxes are emerging as a particularly contentious issue as lawmakers keep an eye on next year’s ...