Report: Manchin will not support Biden’s infrastructure bill in current form, says corporate tax hike is too high

For the past week, President Joe Biden, members of his administration, and Democratic leaders in Congress, such as House Speaker Nancy Pelosi (D-CA), have touted their optimism about an upcoming infrastructure bill that includes a massive, potentially record-setting tax hikes in order to fund the lofty initiative.

However, according to Breitbart, Sen. Joe Manchin (D-WV) — a moderate Democrat with elevated power at the moment, given the 50-50 Senate split — indicated that he and a handful of his colleagues will not support the new bill because they oppose raising the corporate tax rate to the 28% target that Biden is shooting for. 

“Senator Joe Manchin just said Democrats do not have the votes to pass the American Jobs Plan in the U.S. Senate. Manchin says he knows of 6 or 7 Democrats who agree hiking the corporate tax rate to 28% would put the country’s competitiveness at risk,” Fox Business reporter Ed Lawrence indicated on Monday.

Many, including former President Donald Trump, have argued that raising the corporate tax rate from its current level of 21% to Biden’s targeted 28% rate will be nothing less than devastating for American businesses and, like what happened in other administrations, will drive American corporations back out of the country.

Republicans are also focusing on another glaring issue with Biden and Pelosi’s infrastructure bill, in that only roughly six percent of the $2.25 trillion bill will actually go toward funding infrastructure, in the sense of building roads and bridges.

“Biden’s plan includes the largest tax hike in nearly three decades, but of course, coastal elites will have their taxes slashed. It will strip Americans of their right to work by forcing them to join Democrat-backed unions,” said Sen. Marsh Blackburn (R-TN).

“When you raise taxes … companies start moving their jobs overseas again, like they were doing when we had high taxes a few years ago. That means we lose middle class jobs,” House Minority Whip Steve Scalise (R-LA) added.

Since the Senate is currently split 50-50 between parties, Democrats can’t afford to lose even a single vote, even if they use the budget reconciliation method of cramming the bill through, which would only require a simple majority for it to pass. With reports of Manchin and possibly up to six other Democrats defecting, Biden’s big play could already be dead in the water.

Thankfully, there are senators like Manchin who can put party politics aside and take a st back to determine how a bill of such magnitude could affect Americans and the economy. It appears that at this point, if Biden and Pelosi want this bill to pass, it’s going to require a significant overhaul.

We welcome your comments on Main Street Gazette. Big tech is trying to censor conservative media, and there are fewer and fewer places on the web to build a conservative community.
We’re committed to defending freedom of speech and being a safe space for the 75 million Americans that the mainstream media is trying to cancel. Any comments containing profanity, trolling, advocacy of violence, personally identifiable information, harassments, threats or other violations will be removed. Sometimes comments are wrongly removed by our tech software – please contact us at [email protected] if you believe your comments have been wrongly removed

58 Responses

  1. scoliosis
    I was very happy to discover this site. I want to to thank you for
    ones time for this particularly fantastic read!!

    I definitely really liked every bit of it and I have you book
    marked to check out new things on your web site. scoliosis

  2. Hey! I’m at work surfing around your blog from my new iphone!
    Just wanted to say I love reading your blog and look forward
    to all your posts! Carry on the outstanding work!

  3. Right here is the perfect blog for everyone who would
    like to find out about this topic. You know a whole lot its almost
    tough to argue with you (not that I personally would want to…HaHa).
    You certainly put a fresh spin on a subject that has been written about for ages.
    Excellent stuff, just great!

  4. I blog often and I seriously appreciate your content.
    This article has truly peaked my interest.
    I’m going to bookmark your website and keep checking for new information about once per week.
    I opted in for your Feed too.

  5. I wanted to thank you for this fantastic read!!
    I certainly enjoyed every bit of it. I have you book-marked to check out new things you post…

  6. After looking at a number of the blog articles on your
    web site, I really like your way of blogging. I saved it to
    my bookmark website list and will be checking back soon.
    Take a look at my website as well and tell me how you feel.

Leave a Reply

Your email address will not be published.