Democrats may end up nixing a plan to hike taxes in order to pay for a massive social welfare spending package.

Speaker Nancy Pelosi, a California Democrat, acknowledged Thursday that party lawmakers may not include tax increases on corporations and the wealthy in legislation they hope to pass in the coming weeks that would provide a broad array of new government social welfare programs and subsidies.

Recommended Stories

Manchin trashes Democratic spending bill: ‘Fiscal insanity’

Pelosi plans vote on infrastructure despite steep opposition

Public knows little about big spending package — Pelosi blames the media