Senator Joe Manchin, in an interview, threatened to suspend President Joe Biden’s infrastructure bill to enforce changes that would weaken his proposed corporate tax hike.
“Since the bill exists today, it needs to be changed,” said Manchin, who has become gatekeeper in the 50-50 Senate as one of the most conservative members in the Democratic caucus.
Manchin, who occupies the seat once held by Democratic Senator Robert C. Byrd, from a relatively poor state that has benefited from federal government spending over the years, did not say he was against the infrastructure package. But he threatened to use his political weight to reshape it.
‘If I don’t vote for it, it’s going nowhere’: Senator Joe Manchin (DW.Va.) registered his problems with a corporate tax rate of 28 percent and threatened infrastructure legislation that is a top priority for President Joe Biden
“If I don’t vote to get it, it’s going nowhere,” he said, in a possible reference to move on to the bill under special instructions that would allow it to go with a simple majority.
With Republicans moving against the bill, Democratic leaders may want to move the package under an additional budget reconciliation bill. But even that would require them to align all of their members, leveraging Manchin or any other Democratic senator with doubts.
“ It’s more than me, Hoppy, ” he told Metro News interviewer Hoppy Kercheval in West Virginia. National Review reported.
“There are six or seven other Democrats who have a strong sense of this. We have to be competitive, and we will not be careful, ”he said.
Biden wants to increase the corporate rate from the current 21 percent to 28 percent. It fell 35 percent in the 2017 tax cut bill signed by President Donald Trump.
Manchin was not against an increase in the corporate tax rate and suggested that he might support a rate of 25 percent, which would still be a four percentage point increase from the current level.
President Biden on Monday defended the proposed increase in corporate tax
White House press secretary Jen Psaki noted that the rate proposed by Biden would be lower than it has historically been since World War II, although it would take away some of the 2017 cut.
Senate Leader Mitch McConnell, R-Ky., Has vowed to fight Biden’s plan “every step of the way.”
Manchin’s swipe comes after Republicans hammered out Biden’s plan for the tax increases, and a small group of House Democrats threatened to withhold support if the plan doesn’t also raise the $ 10,000 ceiling for state and local tax rebates.
The White House went on Monday to defend the rise, which has made it a centerpiece of its earnings, even as it said it was early in the process and lawmakers were welcome to contribute their own ideas. The tax increases over a 15-year period would generate eight years of spending.
“ We believe that businesses can pay more, not that it should come on the back of consumers and the American people through user fees, which is exactly what it would be, ” White House press secretary Jen Psaki said at the time he was asked about GOP Sen. Roy Blunt’s call to fund infrastructure with user fees.
She said the tax rate the administration proposed was “ lower than from World War II to 2017. ”
Biden defended the tax increase in the White House earlier on Monday.
Asked if he was concerned that higher taxes could drive businesses out, he said: Not at all, adding, ‘There’s no evidence for that.’
“You’re talking about Fortune 500 companies that haven’t paid a penny in tax for three years. Come on, man, ”he said.
Then he stopped the $ 2.3 trillion package that the Republicans slammed for going beyond roads and bridges.
It’s quite interesting. When the Republicans came up with an infrastructure plan, they thought everything from broadband to other things was worth paying for infrastructure, ”Biden said.
‘If you are in a situation where you cannot turn on a water fountain at school because the water affects your health, then that is infrastructure. I’m talking about getting asbestos out of schools, that’s infrastructure. I’m talking about building high-speed trains, that’s infrastructure. I’m talking about making sure we’re in a situation where we can redo federal buildings that are absolutely leaking energy every day, that’s infrastructure, in addition to roads and bridges and broadband. ‘
Senate Minority Leader Mitch McConnell, R-Ky., Last week promised to fight Biden’s plan “ every step of the way. ”