His decision is a de facto veto of Biden's hopes to revive the economic plan that fizzled last year.
President Biden wants to end the step-up in basis tax break for inheritors of large estates.
Democrats want to scale back a Joe Biden plan to limit the step-up in basis on inherited assets.
The bill would expand "pass-through" tax benefits to lawyers, accountants, doctors and other professionals.
Democrats may include at least a partial expansion of the state and local income tax deduction in a $3.5 trillion budget outline.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
