The White House and U.S. Democrats are weighing attaching or strengthening income caps to a number of key agenda items, including electric vehicle rebates and free community college, to shrink the $3.5 trillion reconciliation bill and pacify spending hawks, according to two officials familiar with the discussions. Article contentThe White House did not respond to requests for comment. The Biden proposal outlined earlier this year included free community college, expanded child tax credits and universal preschool for any U.S. citizen, but Democrats are now considering whether to cap eligibility based on income, the two sources told Reuters. They’re also discussing limiting who can receive tax credits for electric cars. The White House, for example, want to create a $7,500 tax credit for any taxpayers who purchase electric cars.

Source: National Post September 27, 2021 18:11 UTC