Sinema's opposition to raising the corporate tax rate leaves White House scrambling to pay for Biden's agenda

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Top Biden administration officials are now weighing a range of different ideas to finance a sweeping economic and climate package as opposition from Dem. Sen. Kyrsten Sinema has thrown initial plans to raise the corporate tax rate into doubt, sources say

The ideas were raised on a Wednesday call between top officials and the two chairs of the congressional tax writing committees -- Senate Finance Chairman Ron Wyden and House Ways and Means Chairman Richard Neal, the people said. Treasury Secretary Janet Yellen and Brian Deese, the director of Biden's National Economic Council, were among those who participated in the call from the administration, the people said.

Among the potential alternatives raised on the call was a focus on a tax on companies issuing stock buybacks, revisions of international tax provisions and potentially setting a minimum tax on international corporations. Other options related to taxing the wealthiest Americans, including a formulation of a tax on the assets of billionaires, were also discussed.

 

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Democracy, Freedoms, and the Democratic and Republican Parties in USA are A THING OF THE PAST as both are taken over by greed, avarice, and divisive behaviors in the majority of their memberships

She's going to force the bill be cut more before she agrees.

Life after they stopped being 'The Teletubbies' was hard. Tinky Winky does most of the talking here (his language skills have improved), with occasional word support by Po. covid19 NHS AntiVaxxers

I can't wait to vote against her in the primary

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