Democrat Infighting Ensues over $2.4 Trillion Tax Increases

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www.breitbart.com/economy/2021/07/12/democrat-infighting-ensues-over-2-4-trillion-tax-increases-within-trojan-horse-infrastructure-package/

Congressional Democrats are infighting this week over Sen. Bernie Sander’s (I-VT) reported desire to levy $2.4 trillion in taxes within the trojan horse “infrastructure” package.

“They’re all trying to figure out what the bottom line is,” said a source familiar with the infighting told the Hill. “Schumer had $2.4 trillion [in tax revenues] plus $600 billion from the Medicare drug-price negotiation. He’s trying to figure out: ‘What can I get my caucus to support? What’s the revenue number?’ It’s not clear to me he can get $3 trillion.”

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“There’s a lot of pressure on these people, pressure from both sides. Manchin has been very clear he wants it all paid for,” the source explained about Sen. Joe Manchin’s (D-WV) negotiations with the White House over President Joe Biden’s 28 percent desired corporate tax rate, compared to Manchin’s counter at 25 percent.

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Senior fellow at the Institute on Taxation and Economic Policy Matthew Gardner also told the Hill Biden will most likely buckle to Manchin’s demands.

 

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