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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsManchin Shoots Down Biden's Billionaire Tax
Manchin Shoots Down Bidens Billionaire Tax
March 30, 2022 at 11:21 am EDT By Taegan Goddard 113 Comments
https://politicalwire.com/2022/03/30/manchin-shoots-down-bidens-billionaire-tax/
"SNIP......
Sen. Joe Manchin (D-WV) shot down President Bidens new plan to raise $360 billion in revenue by imposing a 20 percent minimum tax on billionaires, The Hill reports.
Manchin said he doesnt support taxing unrealized gains: You cant tax something thats not earned. Earned income is what were based on.
But he added: Theres other ways to do it. Everybody has to pay their fair share.
......SNIP"
Phoenix61
(17,000 posts)BlueJac
(7,838 posts)Always thinking about himself! Not the country! Oligarch heaven!
Botany
(70,483 posts)aka tax the poor and middle class more and not the super rich.
Manchin is a fucking crook.
PortTack
(32,751 posts)Botany
(70,483 posts)... mines that were closed long ago and Joe and his family own that gob coal too. The Grant Town
power plant is less efficient so Joe & friends got a rate hike on the electricity produced by that plant*
(of which the Manchins get a cut of), the plant produces more mercury air pollution then other coal
plants, more SO2 then other coal power plants, Joe got the air pollution limits waved on the Grant
Town plant, the plant should have been closed a few years ago because it costs more than other ways
to produce electricity along with killing the planet but Joe stopped that, and all the while Joe has been
working to kill green energy to protect the fossil fuel industry.
And all the time Joe's son, Joe Manchin the 4th sits in his office in Fairview W.V. and counts the millions.
BTW W.V.'s other senator is the daughter of former governor Arch Moore. And she is dirty too.
* forcing the people of W.V. to pay more for their electricity.
https://www.democraticunderground.com/1016318584 Take a bath or a shower after reading the NY times
article ... Joe and his family get 1% of all the electricity sold by that one dirty power plant.
Midnight Writer
(21,738 posts)Bettie
(16,085 posts)Rick Scott's plan. Probably even would like to bump up the amount that the people on the bottom quarter pay.
Seems to be the way he rolls.
Celerity
(43,270 posts)https://www.eenews.net/articles/joe-manchin-connected-power-plant-hasnt-paid-rent-in-a-decade/
these three excerpts from the article (and the article overall, I might add) show potentially very problematic linkages and prima facie self-dealing
Ambit owes more money to Horizon the more on-site fuel it uses. If it uses off-site fuel which is trucked in by Manchins family company it pays Horizon less money. The fight between Ambit and Horizon is over how much off-site fuel is used, and therefore how much rent is owed.
applegrove
(118,595 posts)Cracklin Charlie
(12,904 posts)But, you can use unrealized gains to borrow money?
Sounds like those unrealized gains may be used to make real gains. Isnt that then taxable?
Manchin sucks.
Nictuku
(3,601 posts)I guess it is OK for us, just not for Wall Street.
Rebl2
(13,485 posts)Happy Hoosier
(7,277 posts)PoliticAverse
(26,366 posts)Celerity
(43,270 posts)2naSalit
(86,509 posts)Initech
(100,059 posts)Xoan
(25,318 posts)as he sounds.