While President Biden will p0only need a simple majority in the House and Senate to pass his planned bill….
Some Democrats are uneasy with the talk of raising taxes to pay for some of the YUGE spending that would come with the double phased program…
Republicans are already out against ANY taxing of the rich and businesses….
Congressional Democrats are debating how they should raise taxes to finance President Biden’s infrastructure plan, with minor disagreements emerging in the early stages.
The White House has proposed raising the corporate tax rate from 21 percent to 28 percent and increasing taxes on U.S. companies’ foreign earnings. But some Democratic lawmakers are pushing back on aspects of the tax proposals, while others have suggested ideas that diverge from the administration’s plans.
Reaching consensus on taxes will be among the top challenges for Democrats as they work to enact an infrastructure and jobs package in the coming months. Democrats will need to craft legislation that can get near-universal support in the party, since Republicans have signaled that they will oppose any measures that resemble the proposal Biden unveiled last week….