Posted on 07/05/2021 4:25:00 AM PDT by RandFan
The bipartisan infrastructure deal endorsed by President Biden is facing fresh skepticism from key Senate Democrats who are concerned about plans to pay for the $973 billion package.
Two major financing mechanisms for the spending proposal — repurposing unspent funds for unemployment benefits and state assistance — are meeting resistance from a group of Democratic senators who say higher corporate tax rates should be the primary revenue source.
Leading the charge is Senate Finance Committee Chairman Ron Wyden (D-Ore.), who has been working on his own proposal to pay for a major infrastructure package and is now waiting for Senate Majority Leader Charles Schumer (D-N.Y.) to signal when he can unveil the revenue-raising bill.
The Oregon Democrat is focused on raising an estimated $1 trillion from corporations as well as more than $300 billion from taxing unrealized capital gains, according to a source familiar with internal Democratic discussions.
Wyden has argued that corporations, which saw their tax rates slashed in 2017 under former President Trump, will benefit substantially from new infrastructure investment and must therefore shoulder much of the cost.
(Excerpt) Read more at thehill.com ...
The US is about to hit the debt ceiling again. If Republicans had any testicular fortitude they would unite and say the following: 1.) Joe Biden is not the legitimate President of the United States. Anything the demented pedophile and his administration says is meaningless. 2.) We will not raise the debt ceiling. The only way to deal with the debt ceiling is not spending, but massive cuts to government and government programs. We will not vote on a single bill unless the bill clearly cuts spending and government programs. There will be zero tax increases. This is the way it is going to be for here on out.
Ask the corporate shareholders:
Choice R: Trump tax rates + no “infrastructure” bill
Choice D: higher tax rates + “infrastructure” bill
They have to make sure there is a constant flow of taxpayer’s $$$$$ into the hands of the people who supply the kickbacks.
Taxing unrealized capital gains will be Wyden’s death warrant
In so doing, he forfeits his right to breathe
“ Ask the corporate shareholders:”
Ask the 49% who aren’t part of the board of directors.
And take bribes ever see a poor democrat hack.
You can’t make a deal with the devil, er, I mean Democrats....
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