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White House increased tax proposal as it sought to address tensions over next big spending plan

White House increased tax proposal as it sought to address tensions over next big spending plan

March 30, 2021

WASHINGTON - When President Joe Biden's team began putting together his infrastructure and jobs package this February, the White House National Economic Council circulated an internal proposal calling for about $3 trillion in new spending and $1 trillion in new tax hikes, according to three people with knowledge of the matter.

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