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Biden’s $5 trillion tax gambit catches Congress by surprise President Biden went big in his $6.8 trillion annual budget proposal to Congress by calling for $5 trillion in tax increases over the next decade, more than what lawmakers expected after the president downplayed his tax agenda in earlier meetings. It’s a risky move for the…
Why the White House is refusing to negotiate on the debt ceiling The White House is refusing to negotiate with Republicans on raising the debt ceiling, a risky position that Democrats think is a political winner, but that also reflects their scars from previous fights. Taking the position that you won’t negotiate will allow Republicans…