What to Know in Washington: Manchin Axes Biden's Budget Tax Plan
President Joe Biden’s plan to tax unrealized capital gains ran into opposition from key Sen. Joe Manchin, likely dooming it just hours after it was sent to Congress.
Source: bgov.com
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President Joe Biden’s plan to tax unrealized capital gains ran into opposition from key Sen. Joe Manchin, likely dooming it just hours after it was sent to Congress.
Democrats’ $2 trillion tax and spending package appears increasingly likely to slip into 2022 as it languishes in backroom negotiations.