Manchin rejects Biden's corporate tax hike

[ducks]

Sen. Joe Manchin, D-W.Va., said Monday that he does not support President Biden's proposed tax increases on corporations as part of a nearly $2.3 trillion spending proposal, potentially dealing a fatal blow to a key revenue raiser included in the infrastructure initiative.

[ducks]

So do liberals hate him as much as conservative hated McCain

[Reck]

But Manchin — a moderate Democrat who has become one of the most powerful members of the 50-50 Senate — said that 28% is too high and could hurt American competitiveness. He suggested the package could be paid for by boosting the corporate rate to 25% and closing tax loopholes used by wealthy Americans to dodge taxes (https://www.foxbusiness.com/economy/wealthy-americans-shield-income-from-the-irs-study).

So he’s good with 25% but not 28? Lol

[Millennial_Messiah]

But Manchin — a moderate Democrat who has become one of the most powerful members of the 50-50 Senate — said that 28% is too high and could hurt American competitiveness. He suggested the package could be paid for by boosting the corporate rate to 25% and closing tax loopholes used by wealthy Americans to dodge taxes (https://www.foxbusiness.com/economy/wealthy-americans-shield-income-from-the-irs-study).

So he’s good with 25% but not 28? Lol
YES!! That itself is the #1 biggest problem with tax law. It screws over the middle class and really torments the upper middle class like a parabola, but flattens as multimillionaires and billionaires and billionaire-and-trillionaire corporations have all these loopholes that reduce their net liability to next to nothing.

And not just "wealthy Americans", but also "wealthy American companies", especially big tech. Amazon having a net zero taxable corporate income is severe felony fraud that should land AMAZON, not necessarily Bezos or any other human being, but Amazon as a corporate entity -- in prison.

Need to establish and enforce prison sentences for corporations, not just people. Thus, a corporation that is incarcerated is barred from doing any business of any kind through the length of the sentence. That's the way to do it

[SnakeBoy]

Corporate tax 35%
Obama proposes cutting to 28%
Manchin says yes that's perfect!
Ryan says still too high must be 24%
Stalemate ensues
Trump cuts corporate tax to 21%
Manchin says too low!
Biden proposes 28%
Manchin says too high!

[spurraider21]

Corporate tax 35%
Obama proposes cutting to 28%
Manchin says yes that's perfect!
Ryan says still too high must be 24%
Stalemate ensues
Trump cuts corporate tax to 21%
Manchin says too low!
Biden proposes 28%
Manchin says too high!
sounds like a contestant for card sharks

[hater]

:lmao democrats are stupid morons tbqh

With these covid passports and tax BS its gonna be ugly for then come mid terms. Not to m3ntion the homosexual trans shenannigans

Calling it now. Midterms will be brutal if they keep doing these dumb moves and Trump will make a comeback like Ali vs Frazier :lol

[hater]

Sen. Joe Manchin, D-W.Va., said Monday that he does not support President Biden's proposed tax increases on corporations as part of a nearly $2.3 trillion spending proposal, potentially dealing a fatal blow to a key revenue raiser included in the infrastructure initiative.

Is mancin ok with goverment to pay sex change operations for our military? :lmao

[hater]

Im pretty sure this crewmember chick is a democrat :lmao

https://twitter.com/YossiGestetner/status/1379112817488433154?s=19

[spurraider21]

what does this have to do with manchin or corporate tax rates?

[Bogie]

Is mancin ok with goverment to pay sex change operations for our military? :lmao

full trumptard. You’re literally derp ducks and qhis. At least you finally admitted it. A lot of us saw through you. Now you have confirmed it.

called it

[Millennial_Messiah]

Im pretty sure this crewmember chick is a democrat :lmao

https://twitter.com/YossiGestetner/status/1379112817488433154?s=19

Wish the husband would have stood up and announced to all the passengers on staff "That's what America has become for not re-electing Trump".

Also, the police can't do shit to that family. I hope that cunt goes to jail and gets locked up in a cell with ms-13 dudes along with all the rest of the mask-gestapo filth.

[Winehole23]

free shit ain't free.

who benefits from new infrastructure and public investment besides the public?

[spurraider21]

But Manchin — a moderate Democrat who has become one of the most powerful members of the 50-50 Senate — said that 28% is too high and could hurt American competitiveness. He suggested the package could be paid for by boosting the corporate rate to 25% and closing tax loopholes used by wealthy Americans to dodge taxes (https://www.foxbusiness.com/economy/wealthy-americans-shield-income-from-the-irs-study).

So he’s good with 25% but not 28? Lol
the fuckface has to keep posturing because he's the big deciding vote now, and all eyes are on him.

[ducks]

free shit ain't free.

who benefits from new infrastructure and public investment besides the public?

Nancy and her husband

[Dirks_Finale]

Didn't O-Biden use slick bribery by appointing Manchin's wife to co-chair something? I'm sure he will cave on the corporate tax rate. But if not, it's a really bad sign for Democrats going forward who want to stack the deck and blow everything up in their favor.

[pgardn]

So do liberals hate him as much as conservative hated McCain

Yes because Manchin was the Democratic candidate for the presidency...

ducks you are such a ... mallard.

[Dirks_Finale]

the fuckface has to keep posturing because he's the big deciding vote now, and all eyes are on him.

I loved watching the Trump State of the Union addresses. Manchin was consistently the only guy on the left applauding Trump, while simultaneously getting death stares from those bitchy squad girls :lol

[pgardn]

:lmao democrats are stupid morons tbqh

With these covid passports and tax BS its gonna be ugly for then come mid terms. Not to m3ntion the homosexual trans shenannigans

Calling it now. Midterms will be brutal if they keep doing these dumb moves and Trump will make a comeback like Ali vs Frazier :lol

Trump will die tomorrow.

[ducks]

Here's how Nancy Pelosi could personally benefit from Biden’s $2T spending bill
Husband Paul Pelosi invested between $500G and $1 million in Tesla

[ElNono]

Here's how Nancy Pelosi could personally benefit from Biden’s $2T spending bill
Husband Paul Pelosi invested between $500G and $1 million in Tesla

Tesla has been a good stock to own the past year, tbh...

[Winehole23]

Nancy and her husbandI was looking for "major US corporations," but "investors" works too.

[ElNono]

Manchin is playing for style points, but it's a dangerous game, tbh...

[Winehole23]

Manchin is playing for style points, but it's a dangerous game, tbh...What's the difference between 25%-28% that couldn't be fluffed out on the back end?

Biden blinking on this one would seem to be cost-free.

[spurraider21]

Here's how Nancy Pelosi could personally benefit from Biden’s $2T spending bill
Husband Paul Pelosi invested between $500G and $1 million in Tesla
I hate it when the stock market goes up because i know some people in government also own stocks

[spurraider21]

What's the difference between 25%-28% that couldn't be fluffed out on the back end?

Biden blinking on this one would seem to be cost-free.
If he voted against it on a floor vote with that being his sticking point, i can’t imagine he’d be winning the optics

[Millennial_Messiah]

I hate it when the stock market goes up because i know some people in government also own stocks

I hate when the stock market goes up because it's fluffed up by a make believe economy and also because of ghastly low interest rates. They need to raise interest rates badly and crack down hard against borrowing. Stock market needs to go down to curb inflation and give buyers a chance in the housing market.


Manchin is playing for style points, but it's a dangerous game, tbh...

How so? He isn't up again until 2024. He may or may not win another term, but as a centrist Democrat in a red state it's better to be more centrist than Democrat.

[Winehole23]

If he voted against it on a floor vote with that being his sticking point, i can’t imagine he’d be winning the opticsraises the question of what the "real stakes" are. ElNoNo said "style points", that's in the same neighborhood.

[ElNono]

What's the difference between 25%-28% that couldn't be fluffed out on the back end?

Biden blinking on this one would seem to be cost-free.

Because it's not just this specific item, it's a power issue. He already bitched on the previous bill, and the more rope you give him, the more he's going to take.

Biden is riding winning an election (the whole mandate theory) which gives him probably the strongest point he's going to have on his presidency and a relatively great early pandemic response.

It's a dangerous game for Manchin because Dems are going to be talking about "that douchebag Manchin" if they can't pass key points of their agenda before the midterms, whereas if he moves out of the way, it's all on Biden/Schumer/Pelosi.

[boutons_deux]

Manchin only cares about $Ms from BigDonor class, doesn't GAF about Biden winning

https://www.opensecrets.org/members-of-congress/joe-manchin/summary?cid=N00032838

[ElNono]

How so? He isn't up again until 2024. He may or may not win another term, but as a centrist Democrat in a red state it's better to be more centrist than Democrat.

See my previous post. He's taking ownership and playing a national game now with this bitching and decisions. These laws and what he's asking for goes well beyond the impact on his constituency.

I'm not saying he shouldn't do it, I'm merely pointing out it's a dangerous game.

[boutons_deux]

Constitution has fucked America with the Electoral College and 2 Senators per state

Joe Manchin representing 1.8M people is the most powerful man in a country of 330M+, sitting in a Senate where 50 Dem Senators represent 40M more people than 50 Repug Senators.

[hater]

Corporate tax 35%
Obama proposes cutting to 28%
Manchin says yes that's perfect!
Ryan says still too high must be 24%
Stalemate ensues
Trump cuts corporate tax to 21%
Manchin says too low!
Biden proposes 28%
Manchin says too high!

Mancin bad now

Mancin good now

Mancin bad now

Mancin good now

Mancin bad now


This will go on for at least 18 more months :lol

[Millennial_Messiah]

Constitution has fucked America with the Electoral College and 2 Senators per state

Joe Manchin representing 1.8M people is the most powerful man in a country of 330M+, sitting in a Senate where 50 Dem Senators represent 40M more people than 50 Repug Senators.
Eh, it's really 46/2/2, with Murkowski and Collins in a group of two and Manchin and Sinema the other group of two. So 52-48 either side is realistic imo, not a true gridlock.

[daslicer]

I hate when the stock market goes up because it's fluffed up by a make believe economy and also because of ghastly low interest rates. They need to raise interest rates badly and crack down hard against borrowing. Stock market needs to go down to curb inflation and give buyers a chance in the housing market.



How so? He isn't up again until 2024. He may or may not win another term, but as a centrist Democrat in a red state it's better to be more centrist than Democrat.

I just watched this clip this morning. It seems like these hedgefund investors are buying up all the real estate and jacking up the pricing in housing. Do you believe that if the stock market goes down that these hedgefund guys will have less money to prop up the housing market and thus causing housing prices to stabilize or go down?

EBb9zf_zWvU

[Dirks_Finale]

Eh, it's really 46/2/2, with Murkowski and Collins in a group of two and Manchin and Sinema the other group of two. So 52-48 either side is realistic imo, not a true gridlock.

Yup. I think those 4 Senators are most powerful people in America.

I don't get Manchin tripping over 3 whole percentage points. Seems like he just likes to grandstand. The 28% rate is reasonable and probably not high enough considering the endless spending OBiden is doing.

[ducks]

Constitution has fucked America with the Electoral College and 2 Senators per state

Joe Manchin representing 1.8M people is the most powerful man in a country of 330M+, sitting in a Senate where 50 Dem Senators represent 40M more people than 50 Repug Senators.
Find a better one then move to that country

[Millennial_Messiah]

Yup. I think those 4 Senators are most powerful people in America.

I don't get Manchin tripping over 3 whole percentage points. Seems like he just likes to grandstand. The 28% rate is reasonable and probably not high enough considering the endless spending OBiden is doing.
28% is reasonable, maybe as high as 40% for fortune-500 companies... I just wish there were salary limits for executives, like maybe $750K/year, to promote more income equality and higher salaries for regular workers as opposed to having people on the floor work for peanuts while the execs make $20M/year.

[Trill Clinton]

1379539411726004224

[spurraider21]

1379539411726004224
great evidence that the democrat party is not far left

its amazing for the ruling class that their worst case scenario is lukewarm liberalism bringing the corporate tax rate to something below what it was just a few years ago

[boutons_deux]

There are so many $Ts, have been for years, in the hands of the Capitalists that they will buy up everything, esp if there is a cash flow like health care, nursing homes. They'll make homes so expensive people will be forced to rent, another source of cash flow.

Another source of cash flow is "asset stripping", buying company, then killing it while selling off any assets.

Capitalism is fucking the non-Capitalists very hard, and very deep, and it will get much worse.

the anti-democratic, fascist Capitalists are financing, corrupting, bribing politicians and judges, with Capitalist pocket change, to deliver laws and decisions favoring the Capitalists.

America is fucked and unfuckable

[Spurtacular]

1379539411726004224

The guy who doesn't support unions is Democrats bestie? Shocking.

[ElNono]

The guy who doesn't support unions is Democrats bestie? Shocking.

Are you going to pretend you like unions too now?

[spurraider21]

Are you going to pretend you like unions too now?
derp hates unions so much that he supports the confederacy

[ElNono]

derp hates unions so much that he supports the confederacy

https://media2.giphy.com/media/ckKf5lA78k5iChxfVz/giphy.gif

[Winehole23]

derp hates unions so much that he supports the confederacypeople forget the other side of the Citizens United bargain: unions got the same free speech rights as business.

[spurraider21]

https://media2.giphy.com/media/ckKf5lA78k5iChxfVz/giphy.gif
https://thumbs.gfycat.com/IllustriousAlarmedArcticfox-size_restricted.gif

[Isitjustme?]

Mancin bad now

Mancin good now

Mancin bad now

Mancin good now

Mancin bad now


This will go on for at least 18 more months :lol

*manchin