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
Slap them with a corporate/ceo bonus tax, that's where all the money is.
Replying to @marwilliamson @johncusack
"Survival" wages? They are not surviving they are struggling. Inadequate meaning they juggle their finances to end up in debt or to go without. Not surviving slowly dying...
Replying to @marwilliamson
It's also about control. Think about it if you have no economic power, then the ceos and executives have this arrogant sense of entitlement. CEOS shouldn't be making more than 50 times what their lowest wage employee is making.
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Replying to @marwilliamson
Rattner's first chart shows who is paying for the aircraft carriers that the corporations are hiding behind.
Steven Rattner
 @SteveRattner
13 Apr 2021
Just as companies often slash prices to sell more products, countries cut corporate taxes to woo business. Today on @Morning_Joe I discussed this unfortunate race to the bottom.
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Replying to @marwilliamson
Idea: keep the corporate tax rate 21% for any corporations whose employees comprise 25% of their Board of Directors.
Replying to @marwilliamson
Manchin is a Trump Republican.
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Replying to @marwilliamson
#PrimaryJoeManchinIn2024 #TaxUSACorporationsAt28PerCent #JoeManchinLicksCorporateBoots
Replying to @marwilliamson
If not Manchin, it would be another Democrat. The **Democratic party is opposed** to raising the rate beyond 25%. How do I know? Biden, DCCC, & DNC could easily threaten to pull all support for Manchin if he didn’t vote for a 28% (or higher) tax rate.
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Replying to @marwilliamson
And it’s THAT shit that’ll make us lose elections. At the very least, Bernie voters will be fed up!
Replying to @marwilliamson
The corporate tax rate was over 50% in the 1950's ... it was 35% before Trump lowered it to 21% ... Biden is only proposing 28% ... a big give away ... and now Manchin wants 25% ... which is simply STUPID ... Someone needs to run against Manchin in West Virginia and beat him!
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