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Senate Democrats are reportedly considering lowering the corporate tax rate proposed in President Joe Biden's infrastructure plan from 28% to 25% to mollify centrists in the caucus, a backtrack that would leave hundreds of billions of dollars in potential revenue on the table.
Citing sources close to negotiations over the nascent infrastructure package, Axios reported Sunday that "Democrats close to the White House expect Biden will accept 25% and pocket it as a political win."
"What a disgrace. The 28% they had previously proposed was already well below the rate during the Obama presidency, which was 35%."
But progressives found little to celebrate in settling for a corporate tax rate 10% lower than it was during the Obama administration. In 2017, then-President Donald Trump and congressional Republicans lowered the rate from 35% to 21% as part of their massive and unpopular tax cut legislation.
"The top corporate tax rate before Trump was 35%. Saying 'corporations must pay their fair share' should mean that pre-Trump rates are the starting point," said Ohio congressional candidate Nina Turner. "We also need to close the loopholes companies use to get away with paying $0 in federal income taxes."
Earlier this month, Sen. Joe Manchin (D-W.Va.)—the most conservative Senate Democrat and a key swing vote—said in an appearance on a local radio show that he and "six or seven other" Democratic senators "feel very strongly" about moving to a 25% tax rate instead of 28%. Senate Democrats can't afford to lose a single vote given their narrow control of the upper chamber, leaving individual senators with significant power to shape legislation.
According to Axios, "Democrats who've privately hinted they may be uncomfortable with going to 28% include Sens. Tim Kaine and Mark Warner of Virginia, Kyrsten Sinema of Arizona, and Jon Tester of Montana."
Manchin, for his part, has offered little by way of concrete justification for his push for a smaller corporate tax hike. In 2012, the West Virginia Democrat supported an Obama proposal to lower the corporate tax rate from 35% to 28%—a rate Manchin now apparently believes is too high.
In response to Manchin's new stance on the 28% rate, political commentator Mehdi Hasan mocked the notion that Manchin "has put some super serious thought into the difference between a 25% and 28% corporate tax rate and isn't just trying to split the difference between GOP outlier position and reasonable Biden proposal."
Haggling over the proposed corporate tax hike comes as Democrats are attempting to chart a path forward for Biden's infrastructure package amid unified Republican opposition to the roughly $2.3 trillion plan. Last week, Manchin's fellow West Virginia Sen. Shelley Moore Capito (R) suggested that keeping in place the current 21% corporate tax rate is a "non-negotiable red line" for the GOP in infrastructure negotiations—a position that one top Democrat rejected as absurd.
"Corporate revenue is down nearly 40% from the 21st century average since Republicans' tax giveaway," Sen. Ron Wyden (D-Ore.), chair of the Senate Finance Committee, said in a statement. "In 2018, the United States was dead last among OECD countries in how much corporate tax revenue it collected as a share of GDP."
"Republicans' insistence that the most profitable companies in the world shouldn't contribute a single penny to investments in roads, schools, and our clean-energy future is simply not acceptable," Wyden added.
MSNBC's Joe Scarborough ripped Republicans for winking and nodding at their emerging "white nationalist caucus."
Rep. Marjorie Taylor Greene (R-GA) and other far-right lawmakers are forming an "America First Caucus" aimed at promoting "uniquely Anglo-Saxon political traditions," and Scarborough said GOP leadership must do more to stamp out their explicit racism.
"It's dividing the Republican Party, and its leaders think they can have it both way," Scarborough said. "I look at Kevin McCarthy, who on Jan. 6 condemned Donald Trump for what happened, because you had anti-democratic radicals, insurrectionists who wanted to overturn an election result because they didn't like the outcome. They didn't like the fact that the majority of Americans or more Americans voted for Joe Biden than Donald Trump, so they tried to overturn the election. Kevin McCarthy had first criticized it, then he went down to Mar-A-Lago to embrace Donald Trump."
"Here we had the xenophobic caucus come out last week, which, you know, I don't know -- is it just pure, is it a white nationalist caucus?" he added. "Because I know they were saying things that got Steve King kicked off of his committee, not so many years ago. I'm sure Steve is going, 'What? I guess timing is everything, but they have a caucus for what I got kicked off my committees for?' So what happened after that? Kevin McCarthy came out and tweeted and criticized, without using their names, criticized that caucus. So, you know, a house divided against itself cannot stand, and this is a Republican Party who understands that there's an angry base that is corroding its ability to continue being competitive in national elections, but they keep going back, and they keep trying to have it both ways, and in a case like this, if you're talking about white nationalism or if you're talking about fascism, you can't have it both ways. You've got to choose one side or the other."
04 19 2021 06 26 37 www.youtube.com
WATCH: Mask-hating Texas school board candidate rants about being 'a woman of God' after getting kicked out of Nordstrom
A mask-hating school board candidate from Texas was caught on video recently going on an unhinged rant after getting kicked out of a Nordstrom for refusing the comply with the store's public safety rules.
Local news station KVUE reports that Lake Travis ISD School Board candidate Kara Bell was arrested and given an assault citation after she got into a confrontation with a Nordstrom employee who asked her to wear a mask in the store.
Witnesses told police that Bell "shoved an employee before forcing her way into a dressing room where she proceeded to call the Nordstrom Rack corporate office" to complain about her treatment, KVUE reports.
Body camera video taken by Sunset Valley police shows Bell reacted with hostility to being questioned and said that her religious faith meant she didn't have to comply with public health regulations.
"I am a Christian woman of God!" she ranted. "And you are not going to put your disgusting rules on me that are false and not true. I will not have it. You understand that?"
Bell also claimed that mask mandates were a plot to "bully" her.
"I'm sick of being bullied!" she yelled. "I'm sick of being lied to and it's not going to happen anymore! Do you understand?!"
Watch the video below.
BODY CAM: Lake Travis ISD school board candidate cited in mask dispute | KVUE www.youtube.com
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