GOP Senate would leave Biden to pursue tax agenda through administrative action
by
| November 11, 2020 06:30 AM
The $2.1 trillion tax increase that presumptive President-elect Joe Biden championed on the campaign trail will likely not become law if the Senate remains under Republican control, but that does not mean that tax hikes are off the table in the next Congress.
Instead, there are ways for Biden to pursue his agenda and increase tax revenues through regulatory action.
“When we think about where tax policy changes are likely to occur, it’s actually in the regulatory space and not in the congressional space,†said Neil Bradley, the executive vice president and chief policy officer at the U.S. Chamber of Commerce, on a call with reporters Monday.
That strategy would allow the Biden administration to increase taxes without needing congressional approval, bypassing the Senate, which is likely to be controlled by Republicans, who opposed tax hikes.
more
https://www.washingtonexaminer.com/news/gop-senate-would-leave-biden-to-pursue-tax-agenda-through-administrative-action
