Biden wants to raise the corporate tax rate from 21 to 28% but Manchin won’t go beyond 25%. Giving a low corporate tax rate to multi-billion dollar industries that pay their workers survival wages & their CEOs tens of millions of dollars a year is not competitive, it’s immoral

Apr 13, 2021 · 11:03 PM UTC

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Replying to @marwilliamson
Let’s give him 25%, doesn’t really matter, as long as it gets done. I’m with the MMTers that getting stuck on the pay-fors misses the point anyway.
Replying to @marwilliamson
Is it me or is it completely preposterous that manchin seems to now be the foil of his own party ? The 2 most powerful people in the world are Manchin and the parliamentarian. This is some bad political theatre and they think we re idiots.
Replying to @marwilliamson
Its also not “Liberal” and yet Manchin is a Democrat? 🤔
Replying to @marwilliamson
So you have zero understanding of economics. You think higher taxes helps employees, good lord
Replying to @marwilliamson
28% is less than Obama. We need Eisenhower rates
Replying to @marwilliamson
It was 35% before we had a criminal owned by oligarchs in office.
Replying to @marwilliamson
What does it matter what the nominal tax rate is, hardly any huge corporation is paying any tax
Replying to @marwilliamson
28% is immoral still
Replying to @marwilliamson
Yes
Replying to @marwilliamson
Immoral is the new norm. Congress has no, zero moral compass
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