The legislation is an effort to build on the American Rescue Plan, which was the $1.9 trillion behemoth passed in March. Republicans were opposed to the earlier plan because they argued that only nine percent of the funds went to actual COVID-19 relief.
Larry Kudlow, the former Trump economic advisor and Fox Business host, said Tuesday that rumors of Biden’s tax plan has galvanized the Democrats' socialist wing of the party.
"This is redistribution, assault on investment and it makes left-wing ideology -- I will say [Rep. Alexandria Ocasio-Cortez] is correct: the progressive left won Biden’s heart, absolutely," he said.
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