Progressives Fume as Democrats Eye Smaller Corporate Tax Hike to Appease Centrists
“Saying ‘corporations must pay their fair share’ should mean that pre-Trump rates are the starting point.” Senate Democrats are reportedly considering lowering the corporate tax rate proposed in President Joe Biden’s infrastructure plan from 28% to 25% to mollify centrists in the caucus, a backtrack that would leave hundreds of billions of dollars in potential revenue on the table. […]