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Seems like the first round of Democrat discontent is trickling out (both reports copy-and-pasted from the Guardian live feed):
Senator Joe Manchin, whose vote will likely determine whether Joe Biden’s infrastructure plan can pass the Senate, has expressed criticism of the proposal.
In a radio interview with a local West Virginia station today, Machin said he had serious concerns about Biden’s plan to raise the corporate tax rate to 28% to help pay for the legislation.
“As the bill exists today, it needs to be changed,” the Democratic senator said.
Manchin said he was open to the idea of raising the corporate tax rate to 25%, but he expressed concern that raising it to 28% would make the US less competitive.
Manchin added, “If I don’t vote to get on it, it’s not going anywhere.”
Biden said last week that he hoped Congress would negotiate over his proposal, but he stressed the need to pass an infrastructure bill.
“Congress should debate my plan, change it, and offer alternatives if they think that’s what they have to do,” the president said on Friday. “But Congress should act.
Joe Biden and his administration are frantically trying to build momentum in Congress to pass the president’s $2tn infrastructure plan.
However, members of both parties are already raising concerns about the proposal, which Biden officially introduced last week.
Republicans have signaled they do not intend to support the plan because of Biden’s proposal to raise the corporate tax rate to help pay for the legislation.
And now Democrats are making similar complaints. The Wall Street Journal reports:
Rep. Peter DeFazio (D., Ore.), the chairman of the House Transportation and Infrastructure Committee, said he didn’t think paying for the full cost of the plan through tax increases was necessary. Mr. DeFazio said he would support an increase in the gas and diesel tax to pay for the new investments over time, as well as more borrowing to cover part of the cost. ...
Rep. Josh Gottheimer (D., N.J.) said he wanted to see the Biden administration consider alternatives to the corporate tax increases to try to court Republican support. ‘I think on the corporate piece, if it’s a nonstarter for the Republicans and it means we can’t get bipartisanship, I’m eager to hear their other ideas,’ he said, listing user fees as one possibility.
Mr. Gottheimer and other lawmakers from the New York area have also insisted that Congress restore the deduction for state and local taxes, which was capped at $10,000 in the 2017 tax law. [House speaker Nancy Pelosi] said she was sympathetic to that idea, while the White House has said lawmakers should propose a way for paying for the deduction.
Given his party’s narrow majorities in Congress, Biden needs to convince nearly every Democratic member of the House and the Senate to support his plan in order to get it passed.
As of now, it’s still unclear whether Biden will be able to get his own party on board.
The blog will have more coming up, so stay tuned.
Senator Joe Manchin, whose vote will likely determine whether Joe Biden’s infrastructure plan can pass the Senate, has expressed criticism of the proposal.
In a radio interview with a local West Virginia station today, Machin said he had serious concerns about Biden’s plan to raise the corporate tax rate to 28% to help pay for the legislation.
“As the bill exists today, it needs to be changed,” the Democratic senator said.
Manchin said he was open to the idea of raising the corporate tax rate to 25%, but he expressed concern that raising it to 28% would make the US less competitive.
Manchin added, “If I don’t vote to get on it, it’s not going anywhere.”
Biden said last week that he hoped Congress would negotiate over his proposal, but he stressed the need to pass an infrastructure bill.
“Congress should debate my plan, change it, and offer alternatives if they think that’s what they have to do,” the president said on Friday. “But Congress should act.
Joe Biden and his administration are frantically trying to build momentum in Congress to pass the president’s $2tn infrastructure plan.
However, members of both parties are already raising concerns about the proposal, which Biden officially introduced last week.
Republicans have signaled they do not intend to support the plan because of Biden’s proposal to raise the corporate tax rate to help pay for the legislation.
And now Democrats are making similar complaints. The Wall Street Journal reports:
Rep. Peter DeFazio (D., Ore.), the chairman of the House Transportation and Infrastructure Committee, said he didn’t think paying for the full cost of the plan through tax increases was necessary. Mr. DeFazio said he would support an increase in the gas and diesel tax to pay for the new investments over time, as well as more borrowing to cover part of the cost. ...
Rep. Josh Gottheimer (D., N.J.) said he wanted to see the Biden administration consider alternatives to the corporate tax increases to try to court Republican support. ‘I think on the corporate piece, if it’s a nonstarter for the Republicans and it means we can’t get bipartisanship, I’m eager to hear their other ideas,’ he said, listing user fees as one possibility.
Mr. Gottheimer and other lawmakers from the New York area have also insisted that Congress restore the deduction for state and local taxes, which was capped at $10,000 in the 2017 tax law. [House speaker Nancy Pelosi] said she was sympathetic to that idea, while the White House has said lawmakers should propose a way for paying for the deduction.
Given his party’s narrow majorities in Congress, Biden needs to convince nearly every Democratic member of the House and the Senate to support his plan in order to get it passed.
As of now, it’s still unclear whether Biden will be able to get his own party on board.
The blog will have more coming up, so stay tuned.