“Joe Biden entered the White House with a pledge to hit the wealthiest Americans with higher taxes in order to fund trillions of dollars of social spending while tilting the benefits of US fiscal policy away from Wall Street,” the Financial Times reports.
“But as negotiations in Congress on Biden’s tax proposals enter the final stretch, influential Democrats from the president’s own party are trying to water them down, heralding a potential reprieve for America’s financial sector and some of the richest households.”
Save to Favorites