Republicans are unserious and there is simply no reason for Democrats to cut the bill by 60% or more.".
"Our analysis of CBO data shows corporate revenue is down nearly 40% from the 21st century average since Republicans' tax giveaway," said Wyden.
"In 2018, the United States was dead last among OECD countries in how much corporate tax revenue it collected as a share of GDP.".
"Republicans' insistence that the most profitable companies in the world shouldn't contribute a single penny to investments in roads, schools, and our clean-energy future is simply not acceptable," the Oregon Democrat added.
Earlier this week, Capito said an infrastructure package totaling between $600-$800 billion—a dramatic cut to Biden's opening offer—would be the "sweet spot" for Republicans.
While corporate tax hikes are anathema to big business-friendly Republicans, they are broadly popular with the U.S. public.
More Than 3 in 5 Voters Support Corporate Tax Hike to Fund Biden’s Infrastructure Plan https://t.co/RIvPCyJ5nA via @byclairew pic.twitter.com/6oZXFwXfKf — Morning Consult (@MorningConsult) April 7, 2021. »
