House Democrats unveiled a proposed slate of tax hikes this week that would raise rates on high earners, corporations, and even small businesses in what they said was an effort to pay for parts of the spending package they hope to pass this year.
With opposition to the package’s proposed $3.5 trillion price tag from centrist Democrats in the Senate, it’s unclear whether the bill will survive the legislative process as-is, even with the newly unveiled pay-fors.
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