Hi,
A big fight is happening in Washington, D.C. right now. President Joe
Biden has put forward his vision of an infrastructure plan that would
rebuild crumbling infrastructure, invest in the clean energy we need to
fight climate change, all while creating good union jobs.
But Republican members of Congress want to scale back this plan. They want
to majorly cut back the package, and have it paid for by user fees rather
than corporate taxes.^1
In this critical moment, we need Democratic members to step up and hold a
firm line: higher taxes on the rich and on corporations must be part of
this plan.
[ [link removed] ]Add your name: Congress, support increasing the corporate tax rate and
make corporations pay their share for critical infrastructure!
[ [link removed] ]ADD YOUR NAME
The White House has said that Republicans' idea to impose user fees to
cover the cost of infrastructure spending would "violate" President
Biden's promise not to raise taxes on Americans making less than $400,000
annually.^2
We agree. So do nearly two thirds of the American people.^3 That's why
Democratic members must stand together and demand that higher taxes on
corporations and the wealthy remain a centerpiece of this plan.
While American families are squeezing to get by, corporations are paying
lower tax rates than that have in years. Prior to Trump's presidency, the
corporate tax rate sat at 35%. What Joe Biden is proposing is that we move
the corporate tax rate from the measly current rate of 21% up to 28%.
The Biden administration said they hope to have a deal with Senate
Republicans by Memorial Day, which is almost here. We need to make sure
that Democrats hold a firm line. There is no reason why hard-working
Americans, many already struggling to get by, should have to suck up the
cost of this plan. Especially when corporations are being taxed at the
lowest levels we’ve seen since the 1940s.
[ [link removed] ]Add your name: Congress, support increasing the corporate tax rate and
make corporations pay their share for critical infrastructure!
Thanks for taking action,
Maria and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. CNBC, "Biden and McConnell toughen their positions on tax hikes,"
[ [link removed] ]May 3, 2021.
2. ibid.
3. Newsweek, "Almost Two Thirds of Voters Back Joe Biden's Corporate Tax
Rise Plans: Poll," [ [link removed] ]April 7, 2021.
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