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AP National Business

Billionaire tax runs into criticism; big Biden plan in flux

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Published 10:22 AM

By LISA MASCARO, DARLENE SUPERVILLE and ALAN FRAM
Associated Press

WASHINGTON (AP) — The Democrats’ idea for a new billionaires’ tax to help pay for President Joe Biden’s social services and climate change plan has run into criticism among lawmakers. But party leaders continued to insist on Tuesday that agreement was still within reach. With the revenue side of the package deeply in flux, the Democrats journeyed to the White House again, trying to wrap up negotiations on Biden’s overall package this week. Biden’s plan is now estimated to total at least $1.75 trillion over 10 years, and could still be more.

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