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Biden Tax Hikes Are Hitting Resistance, With ‘No Room for Error’ Bloomberg 2 hrs ago Nancy Cook and Laura Davison (Bloomberg) Weeks after President Joe Biden pitched the first major set of tax increases since 1993, signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress. “We are trying to identify a menu of options” that can pass, Senator Chris Van Hollen of Maryland said in an interview. “You need to get every one of your 50 Democratic Senators on board. There is no room for error.” The Treasury Department is slated to release the administration’s most detailed tax proposals yet, in a report known as the Green Book. But congressional staff are already paring down the ideas that have been floated and fine-tuning them to make them workable from both policy and political standpoints, a Democratic aide said on condition of anonymity.

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