
Biden has a 'core conviction' to hike taxes on corporations and the rich. It could cost him.
CNN
President Joe Biden's steadfast belief in taxing corporations and the rich has become a central plank in his legislative agenda, even as he's warned of political peril and red lines from Republicans.
GOP senators, some of whom Biden will host in the Oval Office on Thursday as he seeks a bipartisan infrastructure deal, have rejected them outright. Some Democrats, cognizant of the political backlash past increases have wrought, have quietly warned of their unease. Top business lobbying groups are already laying the groundwork to attack the proposals and considering the kind of moneyed opposition that simply didn't materialize in Biden's successful $1.9 trillion Covid relief plan.More Related News