“Progressive Democrats, who had hoped unified party control of the government could spur transformative tax increases on multinational companies and wealthy individuals, look like they will have to settle for a more modest outcome,” the Wall Street Journal reports.
“Tax-code changes moving through Congress this month would still likely raise more than $1 trillion over a decade and reverse many Trump-era changes to help fund an expanded social safety net. Key pieces remain unresolved, and progressive activists hope Democrats can be swayed by last-minute pressure campaigns and the party’s desire to unite behind President Biden.”
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