Bloomberg Tax
Sept. 16, 2021, 6:00 AM UTC

Biden’s Economic Plan at Risk of Delays Amid Democratic Rifts

Laura Litvan
Laura Litvan
Bloomberg News
Erik Wasson
Erik Wasson
Bloomberg News
Billy House
Billy House
Bloomberg News

President Joe Biden’s economic agenda risks getting delayed by weeks or months in Congress with tax, health care and other issues still unresolved and continued squabbling between the Democratic Party’s progressive and moderate wings.

House committees on Wednesday wrapped up work on significant portions of the package, including $2.1 trillion in tax increases to help pay for the biggest expansion of social welfare programs in decades. That technically meets the Democrats’ self-imposed deadline, but the action belies the obstacles still ahead that threaten to diminish Biden’s ambitious proposals and put off votes on them in the House and Senate. ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.