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Biden Goes All-In to End Deadlock With $1.75 Trillion Blueprint

  • Taxes, Medicare expansion, climate provisions still in flux
  • Unclear how widespread Democratic support will be for plan
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Biden to Unveil $1.75 Trillion Tax and Spending Package
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President Joe Biden unveiled a framework for a $1.75 trillion tax and spending package his administration believes can pass Congress and urged House Democrats to quickly clear a separate public works bill for his signature, despite misgivings by progressives.

Biden visited Capitol Hill on Thursday to sell the package of tax increases and climate and social-welfare spending to House Democrats. The legislation would expand federal support for child care, health care and climate programs, funded by a minimum tax on corporations, a tax on stock buybacks and new taxes on incomes above $10 million annually.