Page 11 - சீன் மலோநீ News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Please verify your request Advertisement As President Joe Biden works to court lawmakers and win support for his $4 trillion in tax and spending proposals, most of the speculation has been about whether he can find common ground with Republicans on an infrastructure deal. But Biden’s tax plans are also meeting some resistance among Democrats, especially those worried about being tarred as tax hikers ahead of the midterm elections. Sen. Joe Manchin (D-WV) and other moderate Democrats have already pushed back on Biden’s plan to raise the corporate tax rate from 21% to 28%, saying they prefer a 25% rate instead. Other Democrats have insisted that they won’t support any package unless it includes a repeal of the $10,000 cap on the deductibility of state and local taxes. But as The Washington Post’s Jeff Stein and Tyler Pager report, the Democratic concerns are broader than that:

United statesWhite houseDistrict of columbiaJeff steinSean maloneyPaul waldmanCelinda lakeJoe bidenDemocrats in congressWashington postDemocratic congressional campaign committeeJoe manchinTyler pagerHouse democratsBrian schatzCorporate taxes