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6 tax moves to make before the end of the year

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Associated Press

New inflation number feeds angst about Democrats’ $2T bill

Government reports on rising inflation and the potential costs of President Joe Biden’s social and environment legislation raised fresh questions Friday about the bill’s fate, with both sides hoping the new numbers would influence pivotal Sen. Joe Manchin. The moderate Manchin, D-W.Va., has spent months forcing Democrats to trim the 10-year, $2 trillion package, arguing it’s too expensive and at times citing growing inflation as a reason to slow work on the bill. A separate report from the nonpartisan Congressional Budget Office said that if many of the bill’s temporary spending boosts and tax cuts were made permanent, it would add $3 trillion to the price tag. Manchin said in a brief interview Thursday that he wanted to know “where we are in inflation and where we are on the true price” of the bill, adding he was “very concerned.”

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