Never Mind
As I write this, President Biden has delayed his departure for Rome and as far as I can tell is in the process of addressing House Democrats on a whole new economic package that will somehow achieve a Democrat consensus when months of work on the BBB couldn't achieve this. This vignette shows where things actually stood yesterday afternoon as prospects for a vote on the BIF-cum-framework evaporated: Democrats have already nixed a contentious plan to tax the wealth of roughly 700 billionaires, Rep. Richard Neal (D-Mass.) confirmed Wednesday, after moderate Sen. Joe Manchin (D-W.V.) voiced concerns earlier in the day over the proposed provision in President Joe Biden’s spending package. . . . The senator’s comments came less than six hours after Sen. Ron Wyden (D-Ore.), chair of the Senate Finance Committee, released legislative text for the proposed billionaire income tax, which would have required billionaires and Americans making more than $100 million annually to pay a ...