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Biden’s Tax Pledge Limits Options for Infrastructure Deal

President Biden’s pledge not to raise taxes on households making under $400,000 helped get him elected and shaped an administration tax plan aimed at corporations and high-income households. Now, that pledge is narrowing the path toward a bipartisan deal on infrastructure.

The White House, citing the pledge and its preference for taxing corporations and high-income people, nixed calls for higher gasoline taxes and user fees to finance a roughly $1 trillion infrastructure proposal. That resistance, combined with Republicans’ blanket antitax posture, has left beefed-up Internal Revenue Service enforcement as the main tax option under consideration.

Read More on The Wall Street Journal