On the plus side for Democrats, Sen. Joe Manchin has long made it clear that he doesn’t think wealthy people and corporations are paying enough taxes. | Anna Moneymaker/Getty ImagesDemocrats hope they can salvage pieces of their ambitious tax agenda even after Sen. Joe Manchin blew up the legislation that included it.
Manchin’s insistence that they keep from using timing maneuvers that would artificially tamp down the cost of the legislation could knock out provisions like an expansion of the Earned Income Tax Credit, which would have trouble making the cut if Democrats have to pick and choose priorities. He stressed that his main interest was in attacking the 2017 GOP tax cuts — an interest shared by practically every other Democrat in Congress outside of Sen. Kyrsten Sinema , who single-handedly vetoed plans to raise the top individual and corporate rates put into place by the Tax Cuts and Jobs Act.
Other tax increases, like the corporate minimum tax and ratcheting up the U.S.’ existing global minimum tax, the levy on global intangible low-taxed income, GILTI, aren’t scheduled to go into effect until 2023.
It’s a cut many can’t afford at a time when they shouldn’t be taking more away! Especially when it’s excused by the Opioid epidemic! Which is corporate caused to begin with!
AyannaPressley AOC adjust attitude in DNC! Extremely disappointing what Sen Joe Manchin did. What more has to have b4 Democrats accept he’s untrustworthy taking Biden down & cares nothing about salvaging pieces of BBB Tax Agenda. SenSanders
What a joke politico. Are you people really this dumb?
Kyrsten Sinema: 'Hold my beer.....'
Nancy didn't give him his white unmarked envelope full of Benjamins like she gave to the rest of her party to fall in line.
Every politician always claim they want transparency until it affects their partys priorities.
Second thoughts? I don't think Manchin has any first thoughts beyond how do I manipulate government to make more money for myself and my kids.
He doesn’t, but SenatorSinema does. We’ve known this for months, , where have you been?
As a Democrat, I have NO respect for Manchin. He talks out of both sides of his mouth.
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