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Just dropped · Trial Balloon · Ep. 192

November Surprises

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Trial Balloon · Ep. 192: November Surprises

How Joe Manchin Would Raise Taxes for Infrastructure

March 25, 2021 · 11:00 am ET · Leave a Comment

NBC News: “He said there should be ‘tax adjustments’ to former President Donald Trump’s 2017 tax law to boost revenues, including by raising the corporate rate from the current 21 percent to at least 25 percent… He also suggested an ‘infrastructure bank’ paid for with revenues, potentially a value-added tax, that would be used for ‘rebuilding America.’”

“Notably, Manchin said the Republican resistance to higher taxes was not a ‘reasonable’ position in an infrastructure negotiation.”

Said Manchin: “Where do they think it’s going to come from? How are you going to fix America?”

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