Senate, House Democrats split over taxes in $3.5T package

A rift is starting to emerge between the chairmen of the two tax-writing committees on Capitol Hill over the size and details of Democratic plans to pay for President Biden’s broad economic agenda.

Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Richard Neal (D-Mass.) are taking different approaches to laying out the funding mechanisms designed to fuel a $3.5 trillion Democratic-only bill.