U.S. tax experts say Biden spending bill likely to be resuscitated

FILE PHOTO: U.S. President Biden promotes “Build Back Better Agenda” during visit to Connecticut
FILE PHOTO: U.S. President Joe Biden delivers remarks promoting his “Build Back Better Agenda” at the Capitol Child Development Center in Hartford, Connecticut, U.S., October 15, 2021. REUTERS/Leah Millis/File Photo

By David Lawder

WASHINGTON – Corporate tax advisers are warning clients not to celebrate the apparent demise of President Joe Biden’s $1.75 trillion climate and social spending package, which they say could be resuscitated with a similar price tag and proposed tax hikes.