To pass an infrastructure bill, Democrats may need to get all the Democrats in the Senate to vote yes using reconciliation with Kamela Harris's tie breaking vote.
Even just 1 Democrat, like Senator Manchion, who has reservations about the corporate tax hike, could kill the bill. I wonder if Manchion has any alternative proposal?
The corporate tax hike is still milder than what corporations were paying before the Trump tax cut. It wouldn't go all the way back up to what that tax rate was before; just part way back up.
America's economy did survive even that higher corporate tax hike. Jeff Bezos, of Amazon, has said he supports the corporate tax hike. Apparently it wouldn't be the death nail to Amazon.
Since the Trump corporate tax cut, there hasn't been a big improvement in manufacturing moving back to USA as far as I can gather. Our trade deficit is still pretty high.
There is a gradual move of manufacturing back to USA, not as much related to taxes, but to technology. 3D printing is relocalizing a lot of manufacturing, from what I hear.
Personally, I still suggest an individual tax hike as an alternative to taxing corporations which just pass the cost along to individuals anyway, but we can survive a mild corporation tax that isn't even as high as before.
We do need to do something.
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