Blockbuster report on IRS data recasts tax debate: The Note

The blockbuster landed at a critical time -- with President Joe Biden and some in his party looking for a deal on taxes, but on slightly different terms.

The TAKE with Rick Klein The big story can be what's legal as opposed to what's not. The stunning apparent leak of tax information on the nation's wealthiest Americans, as published by ProPublica, is already reshaping the national debate in ways that could impact President Joe Biden's agenda from multiple directions. With Biden himself leaving on an extended overseas trip, and with bipartisan negotiations stalling in ways that impact several parts of his agenda, the report on how little the ultra-wealthy pay in taxes is rejuvenating discussions over whether and how to make sure billionaires pay more.