NEW - Schumer and Wyden discussed a new corporate minimum tax... (UPDATE: Sinema endorses)

[demmiblue]

Last edited Tue Oct 26, 2021, 05:28 PM - Edit history (1)

NEW - In the Senate Democratic lunch, Schumer and Wyden discussed a new corporate minimum tax, according to a Democrat in the lunch. It got major support in the caucus. Finance Cmte expected to release text today, before “Billionaire Income Tax.”

Link to tweet

UPDATE:

NEW-@kyrstensinema publicly endorses minimum corporate tax

“This proposal represents a commonsense step toward ensuring that highly profitable corporations — which sometimes can avoid the current corporate tax rate — pay a reasonable minimum corporate tax on their profits”

Link to tweet

[SallyHemmings]

1. Did Dumb & Dumber support it?

Asking for a friend

[JT45242]

2. their corporate donors haven't told them yet

As soon as the donors tell them -- we'll know.

Hell, even if they set it ridiculously low (like 5%) that would be 5% more than Amazon paid last year.

[Budi]

4. I'm waiting for the "Nothing's better than Something!" side of the hold outs.

Can't wait for the vote so we can see who actually gives a shit & who doesn't.

[demmiblue]

6. ...

NEW-@kyrstensinema publicly endorses minimum corporate tax

“This proposal represents a commonsense step toward ensuring that highly profitable corporations — which sometimes can avoid the current corporate tax rate — pay a reasonable minimum corporate tax on their profits”

Link to tweet

[Budi]

3. Thanks Sens Schumer & Wyden!

[Scrivener7]

5. Stop discussing and start enacting.

[demmiblue]

7. Wyden/Warren/King roll out the 15% corporate minimum tax.

Wyden/Warren/King roll out the 15% corporate minimum tax.

They describe it as an AMT but for profitable corporations.

King estimates it’ll raise $300 billion over 10 years, will “dovetail” worldwide minimum tax.*

Warren says Biden and Yellen are supportive. “They’re on board.

Link to tweet

[brooklynite]

8. But who will we complain about now?

Hickenlooper was a popular target at one point…

[demmiblue]

9. Oh, stop complaining.