#s3e7 Democrats May Be Forced To SCRAP Plans To Tax The Rich Because Of Kyrsten Sinema's Opposition, Repor

21 ott 2021 · 12 min. 4 sec.
#s3e7 Democrats May Be Forced To SCRAP Plans To Tax The Rich Because Of Kyrsten Sinema's Opposition, Repor
Descrizione

Here are the main points of this decision: Sinema (D-Ariz.) is objecting to provisions in the president's build back better plan that would hike taxes on the wealthy and corporations...

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Here are the main points of this decision:


Sinema (D-Ariz.) is objecting to provisions in the president's build back better plan that would hike taxes on the wealthy and corporations


The plan raises the top income tax rate, boosts the top corporate rate to 25 per cent, and raises taxes on capital gains


Revenue is used to fund social programs including universal pre-K and expanded Medicare coverage 


The West Virginia Democrat has told associates he has a plan to leave his party if his liberal colleagues cannot find a way to cut down the social spending bill 


Manchin wants to see the $3.5T budget reconciliation plan cut to $1.75T  •


If Manchin follows through with the plan, he would switch from Democrat to Independent.



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