What Parts of Joe Biden’s Tax Plan Could Pass—and How Those Changes Could Affect You

What Parts of Joe Biden’s Tax Plan Could Pass—and How Those Changes Could Affect You

The feasibility of President-elect Joe Biden’s bold plan for sweeping tax increases on the wealthy has been vastly diminished in the absence of big Democratic wins in the U.S. House of Representatives and Senate. But don’t count out tax changes altogether.

Conservative lawmakers could find some parts of Biden’s plan more palatable and less politically charged than others, and compromises are likely as pressure to raise federal revenue mounts under a soaring deficit.

Biden’s…

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