Democrats Torn Over Floating New Taxes

“Democrats enter the new Congress with huge majorities and a broad consensus to reverse President Trump’s tariffs and Republicans’ cuts to spending on Medicaid, food stamps and health-insurance subsidies. The thornier debate: Whether and how to cover the potentially trillion-dollar-plus price tag,” the Wall Street Journal reports.

“Party lawmakers are weighing when to attach tax increases to their major legislation, as they design an agenda for 2027 that aims to make laws when possible and shows the public the stakes in the 2028 election.”