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https://www.barrons.com/articles/biden-social-spending-bill-budget-pay-for-taxes-51637964001

Where the Money to Pay for Biden’s Budget Bill Will Come From

By
Karen Hube
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Illustration by Chris Gash

Higher taxes are on the way for the very wealthy, and corporations. But when these changes begin, and what they’ll involve, remain unsettled as lawmakers debate how to pay for President Joe Biden’s $1.8 trillion budget bill.

The House passed its version of the expansive social spending and climate plan on Nov. 19, despite a report from the Congressional Budget Office that the bill would cost closer to $2.4 trillion and increase the federal budget deficit by $160 billion over 10 years.

The...

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