Red state Democratic Sens. Joe Manchin (WV), Joe Donnelly (IN), and Heidi Heitkamp (ND) announced on Tuesday that they would be voting against the Republican tax bill.
Republicans are on the verge of passing a tax plan that would both raise taxes for the majority of Americans and bust the budget wide open.
U.S. Senate Republicans unveiled a tax plan on Thursday that differed from the House of Representatives’ version on several key fronts, including how they treat the corporate tax rate, the tax deduction for state and local taxes, and the estate tax.
GOP Rep. Mark Walker twisted himself into a pretzel on Wednesday when he tried to defend the Republican tax plan.
Any significant delay in unveiling a bill could jeopardize the Republicans’ goal of getting it through Congress and onto President Donald Trump’s desk before January 2018.
The new Trump tax plan is nothing but a massive handout to the wealthiest corporations and individuals – himself included.
Republicans will say that the tax cuts, widely leaked to the media by a variety of sources in recent days, would be offset by new revenues raised from eliminating tax loopholes, although few if any of those are expected to be named in the plan.
“Moderate” Republican Michigan Governor Rick Snyder’s tax policy drops corporation income taxes by 83 percent, while increasing taxes by 23 percent for actual humans (now known as the peasant class).