Lowry: Muddled tax plan can’t do what it says

Malaysia News News

Lowry: Muddled tax plan can’t do what it says
Malaysia Latest News,Malaysia Headlines
  • 📰 ExpressNews
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Manchin is an arsonist who shows up to put out the fire with a leaky hose.

The tax piece isn’t any better. The 15 percent corporate income tax will hit manufacturers particularly hard, including the semiconductor manufacturers that Manchin and the Senate just went out of their way to subsidize. Again, which is it — do those companies deserve to be subsidized more or taxed more?

Also, he further denies the bill increases taxes on those making less than $200,000 a year, despite the Joint Committee on Taxation finding exactly that. The committee estimates that people making between $50,000 and $75,000 would see an 0.8 percent increase next year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ExpressNews /  🏆 519. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Treasury secretaries push Manchin billFormer Treasury secretaries push Manchin billFirst look: Five former Treasury secretaries — including Hank Paulson, who served under President George W. Bush — signed a statement strongly backing the Inflation Reduction Act brokered by Chuck Schumer and Joe Manchin.
Read more »

I'm Not Asleep, 'I Just Have Small Eyes', Say Chinese Drivers Angry At Misfiring Drowsiness-Tech | CarscoopsI'm Not Asleep, 'I Just Have Small Eyes', Say Chinese Drivers Angry At Misfiring Drowsiness-Tech | Carscoops carscoops
Read more »

Biden's IRS getting $80B from taxpayers to go after small businesses, Grover Norquist warnsBiden's IRS getting $80B from taxpayers to go after small businesses, Grover Norquist warnsAmericans for Tax Reform President Grover Norquist discussed Biden's IRS expecting to receive $80 billion and the agency's plan to hire 87,000 'more bureaucrats'
Read more »

Hawaii school named for US leader muddles alumni identityHawaii school named for US leader muddles alumni identity“Where you went grad,” is a common question posed in Hawaii Pidgin to find out which high school someone graduated from.
Read more »

Democrats defend against charge that Manchin-Schumer bill will hit manufacturersDemocrats defend against charge that Manchin-Schumer bill will hit manufacturersDemocrats said that their plan for a 15% corporate minimum tax would not be as detrimental to U.S. manufacturers as Republicans have alleged.
Read more »



Render Time: 2025-03-07 11:46:55