With most Democrats in favor of reducing military spending, there’s a chance to shift the focus of federal expenditures.
The federal government provides fossil fuel companies with $15 billion in direct subsidies each year.
Biden’s plan lifts the corporate tax rate set by Trump, but it’s still less than what it was under Obama.
The bill could help the U.S. catch up in areas where the country’s quality of life lags behind other wealthy countries.
“These numbers absolutely suggest Democrats can go bigger,” Data for Progress analyst Ethan Winter said.
Sanders points out that the GOP’s complaints are spurious as they’ve given corporations tax break after tax break.
Democrats want to raise taxes on multinational corporations to help fund Biden’s infrastructure plan.
Manchin opposes many progressive ideas, including the $15 minimum wage, which most voters in his state support.
The employees were outspoken about the company’s climate impacts and poor labor conditions during the pandemic.
The White House’s expanded proposal contains $1 trillion more in spending and over $2 trillion more in tax increases.