Biden’s tax hikes are unpopular and Congress knows it

The Senate needs to decide how to pay for the massive $3.5 trillion spending plan announced this month, but according to a Punchbowl News poll, only 37% of congressional staffers believe it is likely Congress will pass a tax bill by the end of 2022. Among Democratic staffers, just half think it is likely.

Why so pessimistic? Maybe because President Joe Biden’s tax plans aren’t popular with voters. Contrary to what the White House might tell you, a new poll conducted on behalf of the S Corporation Association confirms that voters do not support aggressive tax policies or those that target individually and family-owned businesses and farms.