Dem Senator Rejects Biden’s Corporate Tax Hike

Carol M. Highsmith, via Wikimedia Commons

Democrat Senator Joe Manchin revealed he will not support President Biden’s proposed corporate tax hike to pay for his massive $2.3 trillion infrastructure bill. The moderate Democrat says that Biden’s plan to raise the corporate tax rate up to 28% is too high and could negatively impact American competitiveness.

Fox Business reports:

Biden’s plan would raise the corporate tax rate to 28% from 21% and increase the global minimum tax on U.S. companies to 21% from about 13%. The White House said the tax increases would pay for the proposed investments in the nation’s roads and bridges, transit systems, schools and hospitals over the course of 15 years.

“As this bill exists today, it needs to be changed,” he said during a radio interview with West Virginia MetroNews. “Bottom line is, that’s what legislation is all about. This bill will not be in the same form you’ve seen introduced or seen people talking about.”

“If I don’t vote to get on it, then it’s not going anywhere, so we’re going to have some leverage here,” Manchin said. “It’s more than just me. There’s six or seven other Democrats who feel very strongly about this. We have to be competitive, and we’re not going to throw caution to the wind.”

Sen. Manchin suggested the package could be paid for by boosting the corporate rate to 25% and closing tax loopholes used by some wealthy Americans to dodge taxes.



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Falcon
Falcon
6 months ago

Hope he can hold up to the pressure that he will be subjected to by the TDS crowd.

J C Hern
J C Hern
6 months ago
Reply to  Falcon

hardly the TDS crowd I’m worried about, whatever the “hell that is anyway” .Manchin is thinking about WV and how that corporate rate is excessive. I’d bet the Democrat goons will threaten him and his family, that’s my concern and fear. the RNC doesn’t operate like the opposition.

Susanna
Susanna
6 months ago
Reply to  J C Hern

Ask him to join the Republican Party. I am going to do that now.

maxibaby
maxibaby
6 months ago
Reply to  Susanna

Wonderful! We need more good Republicans! Bring family and friends! We have to save our country!

Joe King
Joe King
6 months ago
Reply to  Susanna

That way he can get elected in 2022.

Nine Island Girl
Nine Island Girl
6 months ago
Reply to  Joe King

I think he has 4 more years. He’s a Senator. 6 year term.

catherine
6 months ago
Reply to  Susanna

Him and Tulsi!

maxibaby
maxibaby
6 months ago
Reply to  J C Hern

TDS is “Trump Derangement Syndrome”, the mental illness suffered by virtually every Dem living!
The WV voters are the ones Manchin had better be most concerned about keeping happy because without them Manchin will not be reelected!

thomas k
6 months ago
Reply to  maxibaby

that statment is so true my daughter in law is a non voting democrap and beleaves every thing the dems say

Nine Island Girl
Nine Island Girl
6 months ago
Reply to  J C Hern

The good people of West Virginia need to start calling and sending E-mails to put pressure on him NOT TO CAVE.

maxibaby
maxibaby
6 months ago
Reply to  Falcon

Falcon, Manchin is probably getting pressure from his constituents back in West Virginia (the “ones” who vote and keep him in office) than any “squeeze” Schmuck Schumer can put on him! Thank the Lord West Virginia is so conservative they voted about 70% for DJT! I would say the only reason Manchin ever votes less radical than the rest of the Dems is the WV voters because, the Dems really know how to squeeze cojones in the vice grips until they get what they want! So, thank you conservative WV!

Cowgirl Diva
Cowgirl Diva
6 months ago
Reply to  maxibaby

These days, we really can’t tell because of Demoncrap voter fraud, Manchin could still win..!! The machines are rigged and the vote counting is, needless to say, “irregular”….!!!

Nine Island Girl
Nine Island Girl
6 months ago
Reply to  Falcon

That was my first thought. Wouldn’t put it past him if in the end he ends up caving.

Sarah Salyer
Sarah Salyer
6 months ago

My bet is on Manchin to change his vote, Dems will offer him what he wants and he will cave. You can always count on him to change his mind

Susan Lindauer
Susan Lindauer
6 months ago
Reply to  Sarah Salyer

No, Manchin has stood strong on gun rights & election integrity. I just dearly wish he would join the GOP.

Nine Island Girl
Nine Island Girl
6 months ago
Reply to  Susan Lindauer

Probably never going to happen. But it would be nice.

maxibaby
maxibaby
6 months ago
Reply to  Sarah Salyer

If Manchin wants to keep his seat, he better stand his ground!
WV = 70% conservative DJT voters

Nine Island Girl
Nine Island Girl
6 months ago
Reply to  maxibaby

All of you can’t stop calling and telling him exactly that.

Mike
Mike
6 months ago
Reply to  maxibaby

True.

Nine Island Girl
Nine Island Girl
6 months ago
Reply to  Sarah Salyer

You nailed it!

TPS
TPS
6 months ago

Corporations don’t care, they just pass it on to their customers. Just look at all the corporations that support these dems.

Susanna
Susanna
6 months ago

We should all go to Manchin’s Website and beg him to join the Republican Party so he doesn’t have to go against his conscience all the time. Tell him for the greater good!

truth and facts
6 months ago

the biden dems are anti American Secure the border and protect America is the presidents number one job. He has failed Covid positive illegals being bused all over America(mainly into Red states) is criminal. Treason is a hanging offense

phillip
phillip
6 months ago

He is just playing games trying to look good for the in the middle people. He is a loser, back stabbing. You fill in the —————–.

Bonnie
Bonnie
6 months ago

He is one of the few Democrat Senator that has any smarts. Good guy and I believe level headed. Hope he sticks to his guns.

robbie nichols
robbie nichols
6 months ago
Reply to  Bonnie

if level headed, he would be in republican party

frank m mcdonald
frank m mcdonald
6 months ago

We finally have a democrat who thinks more about America than themelves !

Nine Island Girl
Nine Island Girl
6 months ago

Don’t get to excited yet.

Susan Lindauer
Susan Lindauer
6 months ago

I dearly wish Joe Manchin would switch to the GOP. But if he’s a Democrat, I’m glad he’s committed to protecting working Americans. Hope he can keep resisting the pressure.

Alan
Alan
6 months ago
Reply to  Susan Lindauer

I hope you’re right, but remember he can and will negotiate all he can from OBiden to get his vote.

Daniel Farrand
Daniel Farrand
6 months ago

I’m all in favor or raising taxes on large corporations. If you don’t punish them for thinking they can become arms of the DNC, then whats the point. Maybe consider a progressive tax on corporates. One rate for those with revenues greater than 1 billion and a different lower rate for smaller corporates. Or one rate for any corporate that pays any employee (CEO) more than 10 million (unless they are a founder).

TheBerean
TheBerean
6 months ago

Manchin is a DINO, Democrat in name only.

Paul
Paul
6 months ago

Libs look to get rich while the re are no central control at the top. Where do you think the ‘ripped off’ money will go? Who’s pocket?

Hane Karen
Hane Karen
6 months ago

Trust no one!!! The definition of liar is politician!

ALSCV
ALSCV
6 months ago

Senator Manchin needs to , do as a doctor friend of mine once told me wen asked to do something contrary to policy. He should net the Democrats try to change his mind without saying a word until they talk down, then tell the no, period. Senator Manchin, o not give int, no compromising.

Patrick Quinn
Patrick Quinn
6 months ago

Not to worry, Manchin always Caves when he gets what he Wants-in other words, it’s the usual..What’s in it for Me?

LJR Justice
LJR Justice
6 months ago

BIDEN??.. INSANE!!??..FINALLY SOMEONE HAS IT RIGHT..THE GUY IS NUTS!!..NO GUESS WORK ABOUT IT…

Marvin Zeichner
Marvin Zeichner
6 months ago

There’s a democrat with integrity!

Barbara
Barbara
6 months ago

THE JERK IS GOING TO TAX US ALL TO DEATH. -WHICH IS USUAL FOR THE DEMONS. THEY WANT MORE MONEY IN THEIR POCKETS RATHER THEN OURS.. MY PROPERTY TAX HAS ALREADY GONE UP FROM THE DEMS IN MY STATE OF NE MEXICO.——— 600.00 . I STILL HAVE A DIRT ROAD AND NO STREET LIGHTS. AND YET THEY POUNCE ON THE PROPERTY FOR THEIR REVENUE. THEY HURT THE RESTRAUANTS DURING THE SHUT DOWN . AND NO BALLOON FESTIVAL . OH YES THE BLUE STATES LOVE TO STICK IT TO THE PEOPLE.. CAN’T STAND OUR GOV.!

Joe King
Joe King
6 months ago

Raising corporate tax rates just cause corporations to move offshore and we loose jobs and the tax base. That is the result always with that kind of policy. Always. Just study your history which they do not teach in public school anymore.

raymond dehnart
raymond dehnart
6 months ago

Sleepy Joe “Owns” Mrs. Manchin. We’ll see how this goes over at Home

Micala
Micala
6 months ago

OMG. A democrat with brains AND good ideas. Where did he come from? Guess there are some decent dems in that group. They just need to make their voices heard more and drown out the voices of the inept ones!
Keep up the good work Manchin!!

H.D.
H.D.
6 months ago

Well, if we cancel all presidential and congressional pensions, cut all personal protection details except the sitting president and vice president, and witness protection, shut down the capitol police, eliminate alcohol on all military (read congressional) flights, that would be a start to paying for this stupid pork laden bill.

Dee S
6 months ago

Biden’s tax hike wants to drive companies out of America. The left won’t be satisfied until this country is not a nation of any prosperity or peace!

Henry
Henry
6 months ago

The republic is now hanging by a thread. One senator’s vote is keeping the country free of disaster. This is NOT the way things should be.

Larry Wayne Larson
Larry Wayne Larson
6 months ago

He won’t support it FOR NOW, until illegitimate joe bribes him again to fall in line, My bet is when it comes time for a vote, womanchin will go along to get along.

Sage
Sage
6 months ago

So what? He will vote for all of the unnecessary spending eventually. You wait and see.

Mad Dog
Mad Dog
6 months ago

When will the public learn. Corporations do not pay taxes. They only collect taxes from consumers. Tax increases only result in higher prices. Usually more than the tax.

agiletz
agiletz
6 months ago

Wanna bet???? He has said these things before and pretty much caved every time. Now, especially with his wife being offered a job in the bidentime gummit!!!!!!!!!!!!!!!!!!!

Mike W
Mike W
6 months ago

He can raise taxes and the corporations can close down their businesses. These people have companies open to make money – with their money – like interest but at much better rates. They don’t care how they make that money – if business is no longer profitable to the point it is worth investing in – they simply go another direction. The people who will be hurt are the ones who lose their jobs not the rich. Warren Buffett likes to say he supports the high taxes – look at it this way. He can only be taxed on “income” not the billions he has. If they raised his taxes to 100% they cannot tax his nest egg just. BUT if they tax all the other businesses around him out of business – he can use his “nest egg” to buy up all of those businesses for pennies on the dollar. Look at what people like the Rockefellers – Carnegies – and Kennedys did right before “The Great Depression” hit.

SHRW
6 months ago

There are several problems with Biden’ proposed corporate tax hike. First only about 10% of the funds would be used for infrastructure projects. The rest would be diverted to marxist democrat social programs and Biden’s green plan. Second this would place a unjustified burden on American business. It would hurt the American economy and encourage some companies to move their operations overseas. It would drive prices up for consumers. And China would end up the biggest beneficiary the Biden corporate tax hike!

catherine
6 months ago

25% is too high!

James Wood
James Wood
6 months ago

Biden will promise him something now -seems like he’s the only one that knows how to play this game – The others would get the same but roll over too easy – Manchin and the rest of Washington needs to go

Rich
Rich
6 months ago

Way to go Senator Manchin. We are behind you on this! Outstanding move. This administration is causing way too many problems.

Mikey
Mikey
6 months ago

Good for you, Manchin. Now stiffen that spine while Schumer’s goons are leaning on you to support ending the filibuster.

Craig Gilkison
Craig Gilkison
6 months ago

Hasn’t anyone noticed? Biden the Dunce gave Mrs Biden a sweet job in Government. Is that on the line now? Is Sunshine bright?

sick of Politics
6 months ago

Careful their Mr. Smarty pants or your wife will lose her newly, biden given, job of 160,000.00. Come on man, you have sold your soul to these corrupt deep state operatives!

Robert6391
Robert6391
6 months ago

When Democrat registered voters constantly out number Republican Voters in West Virginia, it does seem strange t6hat the number supporting Republican candidates is so small, it does bring up some questions about the subject. Registered Democrats out number Registered Republicans by a good majority, in fact by several thousand, and still Republicans seem to win by a huge majority, I do not believe it in my life time that there is not something fishy going on.

Walkin O'Shea
6 months ago

Perhaps Senator Joe Manchin should be the democratic President. Sounds like he might have more of an inkling in how to run his party and the Presidential administration than Joe does.

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