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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:
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Plan? Did the Washington Post forget whose administration this is? Joe Biden has managed the COVID-19 fight in the same manner that he handled immigration by issuing statements raising expectations, then providing no plan on how to meet his expressed goals. Thus far, Biden’s skated by on the pandemic by following the Trump administration’s playbook while complaining about it publicly.
Now, however, the rest of the world wonders where Biden’s promised assistance is. And for that matter, so do members of his own administration:
“History is going to measure whether we’re up to the task. I believe we are,” Biden said on Jan. 21, unveiling a seven-goal, 200-page plan that he vowed would curb the virus here and abroad while preparing for future pandemics.