Democrats Slam GOP Demand for No Corporate Tax Hikes in Infrastructure Plan
Sen. Shelley Moore Capito speaks at a Senate Appropriations subcommittee hearing on Capitol Hill on April 14, 2021, in Washington, D.C.
Greg Nash-Pool / Getty Images
Republican Sen. Shelley Moore Capito of West Virginia said Thursday that keeping in place the current 21% corporate tax rate is a “non-negotiable red line” in infrastructure negotiations, a position that Democratic lawmakers rejected as “completely unreasonable” as they face pressure from progressives to forge ahead without the GOP.
Sen. Ron Wyden (D-Ore.), chair of the Senate Finance Committee, said in a statement Thursday that “corporations have never contributed less to federal revenues than they do now” thanks in large part to the 2017 Republican tax cuts, which slashed the corporate rate from 35% to 21%.
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