Democrats Back Up On Tax Hikes

Here\'s what happened.

Senior Democrats backed away from pushing tax hikes to major corporations and wealthy individuals recently. This comes as a surprise as they were very focused on taxing those individuals.

Some Democrats still plan to raise taxes on wealthy individuals as part of their plan and their large spending bill that is in congress. This is part of Biden\'s plan to make wealthy corporations and individuals pay for schools, medical care, and many more things.

The bill is currently at a standstill due to Republicans not liking the bill and the raising of the debt ceiling.