Author Topic: Joe Manchin Says Senate Democrats Do Not Have Votes to Raise Corporate Taxes to 28 Percent  (Read 184 times)

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Offline mystery-ak

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Joe Manchin Says Senate Democrats Do Not Have Votes to Raise Corporate Taxes to 28 Percent

Wendell Husebo 5 Apr 2021

Sen. Joe Manchin (D-WV) conveyed Monday there are not enough votes in the Senate to pass President Joe Biden’s $2.25 trillion infrastructure proposal due to six or seven Democrats who oppose raising the corporate tax rate to 28 percent.

“Senator Joe Manchin just said Democrats do not have the votes to pass the American Jobs Plan in the U.S. Senate. Manchin says he knows of 6 or 7 Democrats who agree hiking the corporate tax rate to 28% would put the country’s competitiveness at risk,” according to a Fox Business reporter.

If Manchin’s vote count is accurate, it indicates Biden may have a tough time raising corporate taxes above the 25 percent rate Communist China charges American businesses. The United States’ current corporate tax rate, set by former President Trump, stands at 21 percent.

Trump has voiced opposition to Biden’s “radical” and “largest tax hike in American history” as a “massive giveaway to China” that will displace thousands of “factories, millions of jobs, and trillions of dollars to these competitive Nations.”

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https://www.breitbart.com/politics/2021/04/05/joe-manchin-says-senate-democrats-do-not-have-votes-to-raise-corporate-taxes-to-28-percent/
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Offline Fishrrman

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"Sen. Joe Manchin (D-WV) conveyed Monday there are not enough votes in the Senate to pass President Joe Biden’s $2.25 trillion infrastructure proposal due to six or seven Democrats who oppose raising the corporate tax rate to 28 percent."

"Compromise" and drop the rate to 26%, and they'll all jump right on the bandwagon...