Latest Breaking News
Showing Original Post only (View all)Manchin calls for 'enormous' infrastructure package paid for with new taxes [View all]
Source: NBC News
WASHINGTON Sen. Joe Manchin said Wednesday that he favors a large infrastructure package that would be paid for in part by raising tax revenues a point of contention between the two parties.
"I'm sure of one thing: Its going to be enormous," the West Virginia Democrat, who is seen as a swing vote in a chamber divided 50-50, told reporters at the Capitol.
While he didn't predict a price tag, Manchin said Congress should do "everything we possibly can" to pay for it. He said there should be "tax adjustments" to former President Donald Trumps 2017 tax law to boost revenues, including by raising the corporate rate from the current 21 percent to at least 25 percent.
The tax benefits in the Republican law were "weighted in one direction to the upper end," Manchin said. He also suggested an "infrastructure bank" paid for with revenues, potentially a value-added tax, that would be used for "rebuilding America."
"I'm not afraid to look at other things," he said.
Notably, Manchin said the Republican resistance to higher taxes was not a "reasonable" position in an infrastructure negotiation.
Read more: https://news.yahoo.com/manchin-calls-enormous-infrastructure-package-182500518.html
Just a little pause in Manchin bashing. I am not aware of any "moderate" Republican whose position would even come close to this.