Weeks after President Joe Biden pitched the first major tax hikes since 1993, signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress. "We are trying to identify a menu of options," said Senator Chris Van Hollen of Maryland in a May 21 interview. "You need to get every one of your 50 Democratic senators on board. There is no room for error." The U.S. Department of the Treasury is slated to release the administration's most detailed tax proposals yet on May 28 in a report known as the Green Book. But congressional staff are already paring down the ideas that have been floated and are fine-tuning to make them workable from both policy and political standpoints, according to a Democratic aide speaking on condition of anonymity because they were not authorized to discuss private deliberations.
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