Billionaire tax runs into criticism; big Biden plan in flux
October 27, 2021
WASHINGTON (AP) — The Democrats' idea for a new billionaires' tax to help pay for President Joe Biden's social services and climate change plan has quickly run into criticism as too cumbersome, but party leaders insisted on Tuesday that a deal on Biden's big agenda was still within reach.
With the revenue side of the package deeply in flux, the Democrats continued to press for an agreement to show progress before the president departs later this week to global overseas summits.
House Speaker Nancy Pelosi told lawmakers during a caucus meeting they were on the verge of "something major, t...