{"id":497066,"date":"2021-05-11T16:36:05","date_gmt":"2021-05-11T20:36:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=497066"},"modified":"2021-05-11T16:36:06","modified_gmt":"2021-05-11T20:36:06","slug":"congressional-dems-skeptical-of-biden-tax-hikes-fear-agenda-dangling-by-a-thread","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/congressional-dems-skeptical-of-biden-tax-hikes-fear-agenda-dangling-by-a-thread\/","title":{"rendered":"Congressional Dems \u2018Skeptical\u2019 Of Biden Tax Hikes, Fear Agenda \u2018Dangling By A Thread\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcongressional-dems-skeptical-of-biden-tax-hikes-fear-agenda-dangling-by-a-thread%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=497066&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Biden-4-1200x800-1.jpg\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p>President Joe Biden wants to raise taxes on both wealthy individuals and major corporations, but Congressional Democrats are increasingly \u201cskeptical\u201d of hiking taxes, and many of Biden\u2019s closest Democratic allies are now worried his ambitious first-term agenda is \u201cdangling by a thread,\u201d dependent on a slim majority in the Senate and the health of a sitting Supreme Court justice.<\/p>\n<p>The White House announced an ambitious, two-part \u201cinfrastructure\u201d plan in the president\u2019s joint address to Congress in late April, paving the way for a massive expansion of government, a massive increase in spending, and a correlating massive tax hike targeting individuals making just under half a million dollars, investors who see benefits from capital gains, and multi-national corporations that moved operations back to the United States under the Trump administration.<\/p>\n<p>Last week, the Daily Wire reported that some Democrats were privately huddling with Republicans, strategizing on how to break the Biden infrastructure plan into palatable pieces, beginning with a bill that would focus directly on physical infrastructure improvements and followed by a more family-focused legislative package.<\/p>\n<p>This week, <a href=\"https:\/\/www.washingtonpost.com\/us-policy\/2021\/05\/11\/biden-taxes-democrats\/\">the Washington Post<\/a> and New York Times both note that Democrats are now increasingly concerned about Biden\u2019s tax hike plans as well, especially when paired with Democrats\u2019 plan to repeal the SALT (State and Local Taxes) deduction cap, which would allow wealthy, mostly blue-state residents to deduct more of their state and local taxes from their federal income tax.<\/p>\n<p>\u201cPockets of skepticism have emerged within Biden\u2019s party over White House plans to raise the corporate tax rate, revamp the international tax system and double tax rates on wealthy investors, among other measures critical to the administration\u2019s plans,\u201d the Post reported. \u201cThe party faces regional divides over taxes as well, with farm-state Democrats skittish about taxes on heirs and coastal Democrats demanding the repeal of limits on state and local tax deductions, which would amount to an expensive tax cut that would require higher taxes elsewhere.\u201d<\/p>\n<p>Moderate Democrats are opposed to the corporate tax hike, particularly, and Republicans have said they plan to refuse \u201cvirtually all of the more than $3 trillion in tax hikes Biden has proposed,\u201d leaving Democrats dependent on the support of \u201cvirtually every member of their caucus to support the measure.\u201d<\/p>\n<p>Democrats fear the tax hikes could impair their chances at maintaining both houses of Congress in the mid-year elections, and with good reason, according to the New York Times.<\/p>\n<p>\u201cIn a narrowly divided Congress, an illness or a death could upend the balance of power and threaten an ambitious agenda,\u201d the outlet reported Tuesday.<\/p>\n<p>\u201cOur ability to make good on Biden\u2019s agenda is pretty much dangling by a thread,\u201d Democratic strategist Brian Fallon told the paper. \u201cI don\u2019t think it\u2019s uncouth to talk about it. I think it\u2019s a reality that has to inform the urgency with which we approach those issues.\u201d<\/p>\n<p>\u201cIn the most extreme case, deaths could end Democrats\u2019 ability to pass legislation without Republican support \u2014 or even flip control of either chamber. That\u2019s more likely in the evenly divided Senate, where a single Democratic vacancy could hand Republicans committee gavels and the power to schedule votes until a Democratic successor was appointed or elected,\u201d the Times noted, adding that even an illness could upend the balance of power.<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a\u00a0<\/em><a href=\"https:\/\/www.dailywire.com\/subscribe\"><em>member<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden wants to raise taxes on both wealthy individuals and major corporations, but Congressional Democrats are increasingly \u201cskeptical\u201d of hiking taxes, and many of Biden\u2019s closest Democratic allies &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2277834,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Biden-4-1200x800-1.jpg","fifu_image_alt":"Congressional Dems \u2018Skeptical\u2019 Of Biden Tax Hikes, Fear Agenda \u2018Dangling By A Thread\u2019","footnotes":""},"categories":[],"tags":[],"class_list":["post-497066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Biden-4-1200x800-1.jpg","fifu_image_alt":"Congressional Dems \u2018Skeptical\u2019 Of Biden Tax Hikes, Fear Agenda \u2018Dangling By A Thread\u2019","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/497066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=497066"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/497066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2277834"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=497066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=497066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=497066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}