Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Big changes in White House ideas to pay for $2 trillion plan

 

October 21, 2021

DOUG MILLS, New York Times

Rep. Pramila Jayapal (D-Wash.), center, speaks with reporters outside the West Wing of the White House in Washington on Tuesday, Oct. 19, 2021, as she stands with other members of Congress following a meeting with President Joe Biden. (Doug Mills/The New York Times)

SCRANTON, Pa. - In an abrupt change, the White House on Wednesday floated new plans to pay for parts of President Joe Biden's $2 trillion social services and climate change package, shelving a proposed big increase in corporate tax rates though also adding a new billionaires' tax on the investment gains of the very richest Americans.

The reversal came as Biden returned to his hometown of Scranton, Pennsylvania, to highlight the middle class values he says are at the heart of the package that Democrats are racing to finish. Biden faces resistance from key holdouts, including Sen. Kyrsten Sinema, D-Ariz., who has not been on board with her party's plan to undo Trump-era tax breaks to help pay for it.

"This has been declared dead on arrival from the moment I introduced it, but I think we're going to surprise them, because I think people are beginning to figure out what's at stake," Biden said in a speech at Scranton's Electric City Trolley Museum, his first visit home since becoming president.

https://www.startribune.com/big-changes-in-white-house-ideas-to-pay-for-2-trillion-plan/600108210/

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021