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.
