Wednesday, 27 October 2021

Sinema steers Dems into uncharted territory on taxes

Technology Manias - EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Rep. Richard Neal may be the chair of the House Ways and Means Committee, but these days Sen. Kyrsten Sinema (D-Ariz.) is the queen of tax — and her demands now have Democrats scrambling. Her push for more novel tax increases, rather than the slate of rate hikes Democrats had been banking on, is raising a host of complications lawmakers are scrambling to address. With their new billionaires tax proposal meant to placate Sinema, Democrats are building an entirely new tax regime on the fly, amid numerous questions over not…

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