Here’s Where the Money to Pay for Biden’s Budget Bill Will Come From

Here’s Where the Money to Pay for Biden’s Budget Bill Will Come From

Higher taxes are on the way for the very wealthy, and corporations. But when these changes begin, and what they’ll involve, remain unsettled as lawmakers debate how to pay for President Joe Biden’s $1.8 trillion budget bill. The House passed its version of the expansive social spending and climate plan on Nov. 19, despite a … Read more

Corporate Minimum Tax Resurfaces as Democrats Hunt for Money

Corporate Minimum Tax Resurfaces as Democrats Hunt for Money

WASHINGTON—Senate Democrats announced a 15% minimum tax on large companies’ income on Tuesday, refreshing an earlier revenue-raising proposal as they try to generate enough money to pay for President Biden’s social-spending and climate-change agenda.The plan, backed by Sens. Elizabeth Warren (D., Mass.), Angus King (I., Maine) and Ron Wyden (D., Ore.) would affect about 200 … Read more