Scaled Back

U.S. Domestic spending plan

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

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

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