Washington, Agency. Democrats scoffed throughout the day on Wednesday over plans to impose higher taxes on billionaires. Opinion could not be reached on how to integrate this plan with the agenda of social policy and climate change.
Even the centrists of the Senate could not take any view on this. During the meeting, there was a debate among the party members as to what provisions should be added to this scheme and on what basis the tax should be levied.
Let us tell you that under this, the Democrats want to raise one trillion dollars in money. Voting can be done soon to come out with a policy on this. Senator Joe Manchin from West Virginia objected to the plan. He questioned on what basis the stock, bonds and cash of billionaires would be taxed.
At the same time, sources said that President Joe Biden has changed the time of his visit to Europe on Thursday to meet Democrats on the issue. The president hopes he will have a strategy to tackle climate change before he attends the climate change summit in Scotland on Sunday.
